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