Tuesday, August 06, 2013

U.S. Trade Gap Narrows, Brightening Growth Outlook

The trade gap fell more than 22% during the month, to $34.2 billion from $44.1 billion, the Commerce Department said.

Exports notched their sharpest rise since September 2012, hitting their highest level, adjusted for inflation, on record.

Imports fell in part because Americans bought far fewer foreign-made cellphones and other consumer goods.

Original content +Bob DeMarco , All American Investor