US Trade Balance Shrinks More Than Expected

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Photo: STB

The U.S. trade balance shrank to $42.9 billion in June as exports increased and imports decreased.Economists polled by Bloomberg forecast the U.S. trade gap to shrink to $47.5 billion, from $48.7 billion a month earlier.

June exports of goods and services ($185.0 billion) and exports of goods ($132.8 billion) were the highest on record.

June exports of automotive vehicles, parts, and engines ($12.9 billion) were the highest on record.

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