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Bloomberg

U.S. trade deficit shrank in August on decline in imports

Bloomberg · Just In
Bloomberg
Bloomberg
Just In

The US trade deficit narrowed in August with imports declining by the most in four months. The goods and services trade gap narrowed almost 24% from the prior month to $59.6 billion. Michael McKee reports on Bloomberg Television.

Breakdown
  • The U.S. trade deficit fell to $59.6 billion in September, below the estimated $60.8 billion and down from $78.3 billion in July. 10s
  • Imports from Canada in September were at their lowest since May 2021, reflecting ongoing trade tensions. 40s
  • This trade data is the final piece analysts need to complete the third quarter GDP report, which will be released the following week. 25s
  • The Department of Labor will not publish missing jobless claims data from the shutdown period but will make it available online. 1m 2s
  • The release schedule for other key economic indicators, such as jobs, CPI, and PPI data for October and November, remains uncertain. 1m 54s
Economy