US trade deficit shrinks over 8% in August

10:18 AM (Mecca time) Argaam

The US trade deficit narrowed more than expected in August, according to data released on Sept. 27 by the US Census Bureau.

 

The trade deficit decreased by 8.3%, dropping to $94.3 billion from $102.7 billion in the previous month.

 

This figure is better than anticipated, as expectations had forecast a reduction to only $100 billion. August's recorded deficit is the lowest since March.

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