The US trade deficit narrowed more than expected in September to its smallest level in more than five years, raising hopes that net exports provided a boost to economic growth in the third quarter.
The gap between exports and imports of goods fell by 11 per cent from the previous month to $52.8bn, according to data released by the US Department of Commerce on Thursday.
That shrank the deficit to its smallest since June 2020 and was also narrower than the $63.3bn gap that economists polled by Reuters had predicted.
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