11/11/2010

The U.S. trade deficit narrowed from $46.5 billion in August to $44 billion in September, as U.S. exports reached a two-year high, according to the Commerce Department. U.S. exports increased for September, and imports dropped for the month. The data suggests that the trade sector may contribute to the economic recovery in the fourth quarter "partly due to faster export growth," said Nigel Gault, chief U.S. economist for IHS Global Insight.

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