The August 2012 international trade deficit increased 4.1 percent from July, to $44.2 billion. Exports fell 1.0 percent, to $181.3 billion, and imports declined 0.1 percent, to $225.5 billion.
The U.S. Trade Balance is a monthly report, released with revisions, by the Economics and Statistics Administration from data co-gathered by the Census Bureau and Bureau of Economic Analysis, of the difference between the dollar value of exports and imports. Foreign trade is an important component of aggregate economic activity, representing a significant portion of gross domestic product.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc., an independent, fee-only, registered investment adviser. Since 1999, Chris has engaged in the practice of financial services – helping people make money, save money, protect money, have convenience and peace of mind. Contact Chris@BryantWealthManagement.com.
Chris Bryant is an American financial advisor.