US Trade Deficit Shrinks as Exports Rise

US Trade Deficit Shrinks as Exports Rise

US Trade Deficit Shrinks as Exports Rise

At the same time, the merchandise-trade deficit with China, not adjusted for seasonal fluctuations, was the widest since September 2015 at $34.9 billion.

06 de octubre de 2017, 01:20Washington, Oct 6 (Prensa Latina) The United States trade deficit shrank 2.7 percent in August, compared to the previous month " s revised data, when it slightly rose, the Department of Commerce reported. The expected deficit was Euro 5.4 billion.

The report indicates that an improving picture for the global economy is supporting demand for American goods and services.

Exports came in at $195.3 billion, up from $194.5 billion in July and most since December 2014, on higher shipments of cars, telecommunications equipment and pharmaceuticals.

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Exports of goods increased a slight $600 million, while imports of goods decreased $300 million, underpinned by volatility in the energy category.

Figures on worldwide trade can be volatile from month to month.

The U.S. imports more goods than it exports, though it runs a more modest trade surplus for services.

France's current account and trade deficits narrowed in August as the country's exports strengthened, statistics showed Friday.

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