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September 11, 2012 8:45 AM, EDT

U.S. Trade Deficit Grows in July

Larry Smith/Trans Pixs

The U.S. trade deficit grew by 0.2% in July, the Commerce Department said Tuesday.

The gap between imports and exports increased to $42 billion, from a revised $41.8 billion in June.

Economists had projected a $44 billion deficit, Bloomberg reported.

Imports decreased 0.8% to $225.3 billion, while exports increased 1% to $183.3 billion.

The previous month’s gap was revised from $42.9 billion.