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The U.S. merchandise-trade deficit narrowed more than expected in June.
Trade Gap Narrows as Imports Slide
The U.S. merchandise-trade deficit contracted in June, shrinking by 10.8% to $86 billion from the previous month. This better-than-anticipated decline signals a shift in goods trade dynamics.
Did the U.S. trade deficit shrink in June? Yes, the shortfall in goods trade narrowed to $86 billion in June, falling more than forecast.
Imports of merchandise saw a notable decrease, dropping 4.2% to $264.2 billion. Meanwhile, U.S. exports of merchandise experienced a slight dip, decreasing by 0.6%.
- U.S. merchandise-trade deficit fell 10.8% in June to $86 billion.
- Imports decreased 4.2% to $264.2 billion.
- U.S. merchandise exports declined by 0.6%.
The figures indicate a rebalancing in trade flows for the month. Analysts are closely watching these trends to understand their impact on the broader economy.
