Reported about 5 hours ago
The trade deficit in the US fell to its smallest size in five months, decreasing by 10.8% to $70.4 billion in August. This decline was primarily due to an increase in the services surplus and a rise in merchandise exports, with exports up 2% and imports down 0.9%. The narrowing was the largest since March 2023 and reflects a shift in trade dynamics, including decreased industrial supply imports amid falling crude oil prices.
Source: YAHOO