US Trade Gap Narrows To Smallest In Nearly Three Years – By AFP News (IB Times) / Oct 5, 2023
An increase in exports helped to reduce the overall US trade deficit in August to the smallest since late 2020, according to government data released on Thursday.
The trade gap shrank to $58.3 billion, down nearly 10 percent from July’s revised figure of $64.7 billion, said the Commerce Department.
Analysts had expected a smaller change in deficit and the latest numbers showed exports rose $4.1 billion to $256 billion in August.
Imports slipped by $2.3 billion from July to $314.3 billion
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