Imports Rise, Exports Fall

According to the Sandler, Travis & Rosenberg Trade Report on Tuesday, September 5, 2013 the trade statistics released by Department of Commerce show that the monthly U.S. trade deficit jump 13.3% to $39.1 billion in July. Monthly exports fell $1.1 billion from a record high of $191.2 billion in June while imports reversed course and rose $3.5 billion to $228.6 billion. Compared to a year earlier, the July trade deficit was down $4.3 billion as exports rose 3.3% and imports gained 0.8%.

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