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U.S. Trade Gap Narrows to $41.54 Billion - NASDAQ.com
The deficit has narrowed about 6% since March.
A narrowing trade deficit generally supports economic growth. But whether the latest figures will reshape the view of the economy in the second quarter largely depends on how they compare to estimates the Commerce Department used to calculate gross domestic product in the second quarter.
Petroleum imports continued to decline, down 3.3% in June to the lowest level since November 2010. Demand for foreign oil has subsided as U.S. production ramped up.
An uptick in exports this spring was a welcome sign for the U.S. economy. Exports rose sharply in May and held those gains in June.
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hmmm
The deficit has narrowed about 6% since March.
A narrowing trade deficit generally supports economic growth. But whether the latest figures will reshape the view of the economy in the second quarter largely depends on how they compare to estimates the Commerce Department used to calculate gross domestic product in the second quarter.
Petroleum imports continued to decline, down 3.3% in June to the lowest level since November 2010. Demand for foreign oil has subsided as U.S. production ramped up.
An uptick in exports this spring was a welcome sign for the U.S. economy. Exports rose sharply in May and held those gains in June.
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hmmm