FAST FIVE: US Trade Deficit Shrinks For First Time Since July

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US Trade Deficit Shrinks For First Time Since July The US trade deficit shrank in October for the first time since July.

The gap in trade of goods and services shrank 17% to $67.1 billion, from a revised $81.4 billion in September which was a record deficit (and in line with expectations).

Ex-Petroleum, the trade-deficit hit a new record high (or low).

The US-China trade deficit shrank from $36 billion to $31 billion in October (but of course, it depends on whether you follow US data or Chinese data).

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