Monthly Trade Deficit Shrinks

Investor's Business Daily
August 2014
Investors Business Daily;8/ 7/2014, pA01
6 The gap narrowed to $41.5 bil in June from $44.7 bil in May, defying expectations for an uptick. Exports rose 0.1% as imports fell 1.2%. Increasing domestic production of crude oil pushed the petroleum deficit to a 5-year low. Improvement in the trade deficit is likely to help Q2 GDP.


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