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US October trade deficit highest since January

The U.S. trade deficit widened to $48.7 billion in October from a revised $44.9 billion in September, the U.S. Census Bureau and Bureau of Economic Analysis reported.

The deficit reading hit the highest level in October since January.

Exports decreased by less than $100 million to $195.9 billion in October from the previous month, and imports fell by $3.8 billion to $244.6 billion.

The increased trade deficit reflects an increase in the goods deficit of $3.8 billion, to $69.1 billion, and a decrease in the services surplus of less than $100 million, to $20.3 billion.

The year-to-date deficit in goods and services rose 11.9%, or $49.1 billion, from the same period a year ago.