U.S. trade deficit narrows in September

The United States' trade deficit decreased in September amid an increase in exports of food and capital goods, though a further improvement could be limited by the new lockdowns in Europe to slow the spread of COVID-19. The Commerce Department said on Wednesday the trade gap fell 4.7% to $63.9 billion in September. (Reporting By Lucia Mutikani; Editing by Andrea Ricci)

The United States' trade deficit decreased in September amid an increase in exports of food and capital goods, though a further improvement could be limited by the new lockdowns in Europe to slow the spread of COVID-19.

The Commerce Department said on Wednesday the trade gap fell 4.7% to $63.9 billion in September. Data for August was revised slightly to show a $67.0 billion deficit instead of $67.1 billion as previously reported. Economists polled by Reuters had forecast the trade shortfall narrowing to $63.8 billion in September. (Reporting By Lucia Mutikani; Editing by Andrea Ricci)