US Trade Deficit Hits $42 Billion In July

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UPDATE:The U.S. trade deficit narrowed from a year earlier but widened from the previous month as both imports and exports declined in July, new data from the Census Bureau shows.

During the month, the country exported some $183.3 billion worth of goods while imports totaled $225.3 billion.

At that rate, the trade deficit declined to $42.0 billion from $45.6 billion a year earlier.

The revised June 2011 report showed a trade deficit of $41.9 billion.


Minutes away from the next big data release of the day: the U.S. Trade Balance.

Economists polled by Bloomberg forecast the trade deficit worsened in July from a month earlier, at -$44.0 billion.

If that holds, it would represent some improvement from the year earlier period.

The report is expected at 8:30 a.m.

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