Tue, 06 Aug 2013 14:47:05 GMT
Trade deficit in U.S. at the lowest since October 2009
The U.S. trade gap narrowed more than expected in June. The deficit decreased 22.4% to $34.2 billion, which is the lowest level since the end of 2009. Exports climbed 2.2%, while imports fell 2.5%. Main drivers were improving sales of engines, telecommunications equipment and petroleum goods. Economist forecast ranged between $38 and $48.3 billion, the median was 43.5.