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LATEST US DATA

August trade deficit widens as services imports rise to record

Service imports related to the Olympic Games provide a one-time boost to trade numbers, say economists

Washington

THE US trade deficit unexpectedly widened in August, as higher imports of capital goods and record purchases of services from abroad overshadowed a gain in exports.

The gap grew by 3 per cent from the prior month to US$40.7 billion, Commerce Department figures showed on...

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