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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
Add BT as a preferred sourcePublished Wed, May 4, 2016 · 09:50 PM
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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 Department reported on Wednesday. The median forecast in a Bloomberg survey called for a US$41.2 billion deficit.
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