US trade deficit falls to $29.4 billion in October, down 39% from September and lowest level since 2009
Singular Bank | According to the BEA, in October, US exports rebounded by 2.6% month-on-month compared to the previous month. At the same time, imports fell significantly by 3.2%. Year-on-year, exports grew by 12% and imports fell by 3.6%. Given this development, the US trade deficit fell by 39.0% compared to September to $29.4 billion (versus $48.1 billion in September), representing its lowest level since 2009. In October, the largest…
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