Trade Deficit Narrowed in July |
| Wall Street Journal - Sep 11, 2007 |
The U.S. trade deficit narrowed slightly in July, as exports of high-value capital goods offset the impact of higher oil prices on imports.
The U.S. deficit in international trade of goods and services shrank 0.3% to $59.25 billion from June's revised $59.43 billion, the Commerce Department said Tuesday. The June trade gap was originally reported as $58.14 billion.
The July trade gap came was in line with Wall Street expectations. Economists surveyed by Dow Jones Newswires ahead of the report had predicted a $59.20 billion deficit. Demand abroad for American-made products has been an important contributor to U.S. economic activity this year and Tuesday's report indicated that trend continued into the third quarter.
Read Full Article from Wall Street Journal
- Posted: 2007-09-11 10:29:51
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
