Financial Times FT.com

Record exports shrink US trade gap

By Eoin Callan in Washington

Published: October 12 2007 03:00 | Last updated: October 12 2007 03:00

US exports hit records and helped to drive down the trade deficit for the world's largest economy amid strong demand from Europe and Asia, data showed yesterday.

The trade gap narrowed more than expected in August to $57.6bn (£28.2bn) from $59bn, and the deficit for the previous month was also less than initially thought, said the Commerce Department.

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