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WASHINGTON, Aug. 5 (Reuters) – The US trade deficit hit an all-time high in June as efforts by businesses to rebuild inventories to meet robust consumer spending attracted more imports.
The Commerce Department said on Thursday that the trade gap increased 6.7% to $ 75.7 billion in June, a record high.
Economists polled by Reuters had forecast a deficit of $ 74.1 billion. Imports of goods rose 1.8% to $ 239.1 billion, also a record. Exports of goods rose 0.2% to $ 145.9 billion in June, an all-time high. (Reporting by Lucia Mutikani; Editing by Kevin Liffey)
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