shrink trade deficit for merchandise in United State In August, it fell to its lowest level since October 2021, with imports and exports declining, indicating favorable winds for economic growth in the third quarter.
Commerce Department data showed that the trade deficit narrowed 3.2% to $87.3 billion last month. These numbers, which are not adjusted for inflation, compare with economists’ average estimate of a gap of $89 billion, in a Bloomberg survey.
see more: US trade deficit shrinks largest since 2009 as imports fall
decreased exports By 0.9% to $179.8 billion, its first decline since last January, while it declined imports For the fifth consecutive month, it reached $267.1 billion.
Inbound shipments of consumer goods rose 4.5% to $283.2 billion. Despite the decline in imports of consumer goods from a record level at the beginning of this year; It is still well above the pre-pandemic average.
