U.S. Advance July Goods Trade Deficit Narrows To $59.1 Billion Vs $62.2 Billion In June

The US trade deficit in goods narrowed in July to $59.1 billion from $62.2 billion a month earlier, according to data issued by the Commerce Department on Friday. This is the smallest trade gap since February. This is the second release of the advance trade data. It was designed to allow the government to include three months of trade data in its first estimate of gross domestic product. A more comprehensive report on the deficit for goods and services in July will be released on September 3.

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