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US goods trade deficit widens more than expected in October

The U.S. international goods trade deficit widened more than expected in October, as exports declined and imports rose from September, the U.S. Census Bureau said.

The goods trade deficit increased to $68.30 billion in October from $64.11 billion in September, well above Econoday's consensus estimate of $64.8 billion.

Exports fell to $129.08 billion in October from $130.33 billion in September, while imports rose to $197.38 billion from $194.45 billion.

Wholesale inventories decreased 0.4% to $605.74 billion in October from a revised figure of $608.22 billion in September, but were up 4.0% from October 2016. Retail inventories for October stood at $618.04 billion, down 0.1% from last month and up 2.6% from a year earlier.