The American Business Journal: American trade deficit narrows

American trade deficit narrows
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Business News on 09 September, 2010 11:09:00
 
ABJ Sep 9 - The trade deficit narrowed significantly in July as exports climbed
to their highest level in nearly two years, reflecting big gains in sales of
American-manufactured airplanes and other goods.
The July deficit fell 14 per cent to US$42.8 billion, according to the Commerce
Department, much lower than forecast by economists. Meanwhile, exports increased
1.8 per cent to $153.3 billion, the best showing since August 2008.