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Economic Report: Trade gap in September widens even as exports jump

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Stacked containers at a port in Zhangjiagang in China’s eastern Jiangsu province.

The numbers: The U.S. trade deficit in goods widened to a seasonally adjusted $76.0 billion, according to a preliminary report out Thursday from the Census Bureau. That figure excludes services.

What happened: Exports rose 1.8%, or $2.5 billion, while imports rose 1.5%, or $3.1 billion. Economists had forecast a deficit of $76.2 billion.

Meanwhile, wholesales inventories increased 0.3% for the month, and 5.1% compared to a year ago. Retail inventories were 0.1% higher than in August, and were 3.1% higher for the year.

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