The U.S. trade deficit in goods narrowed in June as imports declined, fueling expectations of a sharp second-quarter GDP rebound.
The international goods trade gap declined by nearly 11 percent, or $10.4 billion, to $86 billion, according to new Commerce Department data released on July 29.
In May, the U.S. goods trade deficit increased to a slightly downwardly adjusted $96.4 billion.
The consensus forecast suggested a $98.4 billion trade deficit for June, with economists expecting further stabilization in trade flows following the upheaval in worldwide trade flows in April.
Goods imports fell by 4 percent, totaling $264.2 billion last month. Exports of goods for June were little changed at $178.2 billion….
US Goods Trade Deficit Shrinks in June
