CNBC News

US trade deficit hits 1-1/2-year low on rising exports

CNBC News


The U.S. trade deficit fell to a more than 1-1/2 year low in September amid rising exports, but a slump in imports pointed to slowing domestic demand.

The Commerce Department said on Friday the trade gap narrowed 9.9 percent to $36.4 billion, the smallest since February 2015. August's trade deficit was revised slightly down to $40.5 billion.

Economists polled by Reuters had forecast the trade gap decreasing to $37.8 billion in September after a previously reported $40.7 billion shortfall. When adjusted for inflation, the deficit fell to $55.0 billion from $57.4 billion in August.