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LATEST US DATA

Trade deficit shrinks as imports fall 3.6%

Trade gap narrows 13.9% to US$40.4b - smallest since February 2015 - with broad slump in overseas purchases

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Imported merchandise declined 3.6 per cent, the most since February 2009, as American companies strived to get inventories in line with weaker first-quarter demand. At the same time, shipments overseas fell for the fifth time in six months.

Washington

AMERICA's trade deficit shrank more than forecast in March as imports fell in percentage terms by the most in seven years and outpaced a decline in shipments overseas.

The gap narrowed 13.9 per cent to US$40.4 billion, the smallest since February 2015, the Commerce