BEA and the Census Bureau reported that the U.S. goods and services trade deficit widened by $17.4 billion to $88.6 billion in July. The June deficit was revised to $71.2 billion. Exports fell 2.1% from June to $310.7 billion, while imports rose 2.8% to $399.3 billion.

The goods deficit increased $17.6 billion to $119.6 billion, while the services surplus rose $0.2 billion to $31.0 billion. On a Census basis, the goods deficit with Mexico grew $7.2 billion to $27.5 billion; the deficit with Canada narrowed $3.7 billion to $3.2 billion. Figures are seasonally adjusted.