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Trade Deficit in U.S. Unexpectedly Narrows on Record Exports

From bloomberg.com

The U.S. trade deficit unexpectedly narrowed in September to the lowest level in almost two years as exports climbed to a record. The gap shrank 5.1 percent to $41.5 billion, the smallest since December 2010, from $43.8 billion in August, Commerce Department figures showed today in Washington. The increase in sales to overseas buyers was broad-based, with everything from soybeans to fuel and civilian aircraft showing gains. Growing demand from emerging markets in South and Central America may be helping to overcome a slowdown in Europe and China that is hurting companies such as Emerson Electric Co. (EMR) At the same ... (full story)

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