BusinessUSA

US trade deficit narrowed in July

The United States reported a sharp reduction in the trade deficit in July due to weaker import demand, a positive sign for near-term economic growth but a potential red flag for the global economy.

The goods and services trade deficit narrowed 12.6% in July from the previous month to a seasonally adjusted $70.65 billion, the Commerce Department said Wednesday.

wsj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button