A post by @FirstSquawk on X.
US TRADE BALANCE (USD) SEP: -105B (EST -107.9B; PREV -105.6B; PREV R -105.7B)
@FirstSquawk on X
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The US trade deficit narrowed to $105 billion in September from a revised $105.7 billion in August, coming in slightly below economists' consensus estimate of a $107.9 billion shortfall. The reading marks a modest improvement in the goods and services gap but leaves the deficit hovering near historically elevated levels. The smaller-than-expected shortfall could provide a slight upward revision to third-quarter GDP estimates, since net exports are a component of growth calculations. Markets will watch whether the trend persists into the fourth quarter amid tariff policy shifts and currency movements.
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