Sign in to comment!

Menu
Home

ECONOMY

US trade deficit falls slightly to 5-month low in July; export growth outpaces rise in imports

The U.S. trade deficit fell in July to its lowest level since January, as exports of autos, telecom equipment, industrial machines and semiconductors rose.

The Commerce Department says the trade deficit fell 0.6 percent in July to a seasonally adjusted $40.5 billion, from $40.8 billion in June.

Exports climbed 0.9 percent to a record $198 billion. Imports also rose, climbing 0.7 percent to $238.6 billion, as shipments of food, beverages and autos from abroad increased.

Imports of oil products increased, but rising domestic production reduced the trade deficit in petroleum to its lowest in more than five years.

The trade deficit with China rose to a monthly record of $30.9 billion.

But rising imports and exports point to the possibility of stronger economic growth in the second half of 2014.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.96% dw 3.98%  
15 Y Fixed Graph 3.07% dw 3.09%  
30 Y Fixed Jumbo Graph 4.17% dw 4.18%  
5/1 ARM Graph 3.20% dw 3.23%  
5/1 Jumbo ARM Graph 3.48% up 3.47%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.29%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% dw 2.94%  
36 M Used Graph 3.47% dw 3.48%  
48 M New Graph 3.18% dw 3.22%  
48 M Used Graph 2.99% dw 3.05%  
60 M New Graph 3.19% dw 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% -- 1.55%