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US trade deficit edged up to $78.2 billion in October

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US trade deficit edged up to $78.2 billion in October

The latest reading was up only 5.4%, less than half the pace of increase from the revised September reading, when the trade deficit jumped by 12.7% to $74.1 billion, and pictured, shipping containers on March 8, in Miami, Florida.

 Joe Raedle/Getty Images/FIle

The US trade gap edged only slightly higher in October than the month before, to $78.2 billion.

The latest reading was up only 5.4%, less than half the pace of increase from the revised September reading, when the trade deficit jumped by 12.7% to $74.1 billion. A and weighed on exports both months.

Economists expected this latest check from the Commerce Department on the overall health of US trade to show another increase in the deficit amid higher oil prices.

This story is developing and will be updated.

The-CNN-Wire

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