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Trade gap unexpectedly widens

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Trade gap unexpectedly widens

Slowing global demand may hurt US growth prospects.

The Department of Commerce announced today that the nation’s international trade deficit in goods and services decreased to $43.3 billion in September from a revised $39.99 billion in August.

Analysts had expected a deficit of $40.0 billion.

Exports decreased to $195.6 billion in September from $198.6 billion in August. Exports of goods were $136.1 billion in September, down from $138.7 billion in August. Exports of services were $59.5 billion in September, down from $59.9 billion in August.

Imports remained flat $238.6 billion in September. Imports of goods remained at $198.7 billion in September, and imports of services remained flat at $39.9 billion.

For the full report, click here.

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