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U.S. trade deficit falls 5.6% to $73.3 billion, E.J. Antoni notes

U.S. trade deficit falls 5.6% to $73.3 billion, E.J. Antoni notes
U.S. trade deficit narrows to $73.3 billion

E.J. Antoni reports that the U.S. trade deficit dropped by 5.6% month-over-month to $73.3 billion, alongside a slight slowdown in international trade. Exports decreased by 0.9% to $314.7 billion, while imports fell by 1.8% to $388.0 billion.

He adds that current trade levels are now essentially in line with those seen in 2024.

Earlier, E.J. Antoni reported that consumer sentiment rose sharply following declines in gas prices. He previously noted that the ADP private payroll growth 4-week moving average fell to 19,750 per week for late June. The latest trade deficit figures follow these shifts in consumer and labor market conditions.

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