US Trade Deficit Shrank In October: Commerce

Law360, New York (December 12, 2011, 5:12 PM EST) -- A report released Friday by the U.S. Department of Commerce showed that the nation's trade deficit in October shrank to its lowest level in 2011, a development the agency's secretary called a strong indicator for U.S. trade.

Friday's report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis showed that the trade gap fell in October, with the country's imports now beating exports by $43.5 billion, down from a $44.2 billion gap in September.

Though U.S. exports of goods and services decreased $1.5...
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