US trade deficit shrinks over 8% in August

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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