US international trade deficit drops to $87.3 bn in Aug

Wholesale inventories for August, adjusted for seasonal variations and trading day differences and not for price changes, reached $913.1 billion in August—a rise of by 1.3 per cent over the July figure and 25.1 per cent over the August 2021 figure, the report revealed.

Retail inventories for August, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at $741 billion--up by 1.4 per cent over the July figure and by 21.6 per cent over the figure in the same month last year.

Fibre2Fashion News Desk (DS)