US Goods, Services Trade Gap Narrows to Smallest in Five Months

The US trade deficit narrowed in August to the smallest in five months, helped by a larger services surplus and a pickup in merchandise exports.

The gap in goods and services trade shrank 10.8% from the prior month to $70.4 billion, Commerce Department data showed Tuesday. The latest figure was in line with the median estimate in a Bloomberg survey of economists.

The value of exports increased 2%, while imports fell 0.9%. The figures aren’t adjusted for inflation.

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Mark Niquette in Columbus at mniquette@bloomberg.net

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