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- U.S. trade deficit narrows in September
U.S. trade deficit narrows in September
The U.S.
Commerce Department reported on Tuesday U.S. the goods and services trade
deficit narrowed to $52.5 billion in September from a revised $55.0 billion in
the previous month (originally a gap of $54.9).
Economists had
expected a deficit of $52.5 billion.
According to
the report, the September decline in the goods and services deficit reflected a
decrease in the goods deficit of $2.7 billion to $71.7 billion and a drop in
the services surplus of $0.1 billion to $19.3 billion.
Exports of
goods and services from the U.S. fell 0.9 percent m-o-m to $ 206.0 billion in September,
while imports decreased 1.7 percent m-o-m to $258.4 billion.
Year-to-date,
the goods and services deficit surged 5.4 percent from the same period in 2018.
Exports fell 0.4 percent, while imports rose 1.8 percent.
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