U.S. trade deficit jumps to record high in June on strong import growth

August 5, 2021 8:51 AM EDT

FILE PHOTO: Ships and shipping containers are pictured at the port of Long Beach in Long Beach, California, U.S., January 30, 2019. REUTERS/Mike Blake/File Photo

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WASHINGTON(Reuters) - The U.S. trade deficit surged to a record high in June as efforts by business to rebuild inventories to meet robust consumer spending drew in more imports.

The Commerce Department said on Thursday that the trade gap increased 6.7% to $75.7 billion in June, an all-time high.

Economists polled by Reuters had forecast a $74.1 billion deficit. Goods imports rose 1.8% to $239.1 billion, also a record high. Exports of goods gained 0.2% to $145.9 billion in June, an all-time high.

(Reporting By Lucia Mutikani; Editing by Kevin Liffey)

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