The US trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods.
The gap grew 0.2 per cent to $42 billion, smaller than projected, from a revised $41.9 billion in June, Commerce Department figures showed today in Washington. The median
forecast in a Bloomberg survey called for a $44 billion deficit. Exports fell by the most since April, outpacing a decline in imports that reflected cheaper petroleum.
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