U.S. Trade Deficit Smallest In Six Months On Rising Exports
The U.S. trade deficit narrowed in July to its lowest point in six months as exports rose to a record high, supporting views of sturdy economic growth in the third quarter. The Commerce Department said on Thursday the trade gap fell 0.6 percent to $40.5 billion, the lowest since January. June’s trade deficit was revised to $40.8 billion. Economists polled by Reuters had expected the deficit to widen to $42.2 billion in July from a previously reported $41.5 billion shortfall in June.
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