USA: modest reduction in trade deficit in June

(CercleFinance.com) - The US trade deficit narrowed slightly to $73.
1 billion in June, compared with the previous month's figure of $75 billion (which was barely revised from an initial estimate of $75.1 billion), according to the Commerce Department.

This 2.5% month-on-month decrease in the deficit resulted from a 1.5% rise in US exports of goods and services, to $265.9 billion, which more than offset a 0.6% increase in imports, to $339 billion.

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