Afternoon Coffee: Trade Deficit Shrinks, China’s Economy Impacts Air Cargo Traffic

The US international trade deficit fell $3.3 billion in July to hit $41.9 billion, the Department of Commerce reported today. Exports during July reached $188.5 billion, up from exports in June.

China’s economic woes are having an impact on air freight traffic across the US and Europe. Transportation executives say it could be a sign of a deteriorating health of global trade.

The Institute for Supply Management reported its non-manufacturing index fell in August by 1.3% to 59%. The business activity index also dropped 1% to 63.9% last month.

All Amazon Prime members can now receive the company’s new “Dash Buttons” for free. The button, which is about the size of a thumb drive, enables one-click quick ordering on certain items.

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