Census: July exports the ‘highest on record,’ but deficit increases

U.S. exports of goods and services were the highest on record during July thanks in large part to a record amount of services exports, although the overall trade deficit increased that month to $78.8 billion, according to the Census Bureau’s latest monthly report. The trade deficit for the U.S. this year increased by $5.8 billion in July over the previous month, Census and the Bureau of Economic Analysis said in its report . Goods and services exports were up 0.5...