U.S. trade deficit in August narrows for fifth straight month amid cooling demand


WASHINGTON, Oct. 5 (Xinhua) -- U.S. trade deficit fell by 4.3 percent in August, marking the fifth straight monthly drop and hitting the lowest level in more than a year, the Commerce Department reported on Wednesday.

In August, the goods and services deficit fell by 3.1 billion U.S. dollars from the previous month to reach 67.4 billion dollars, the report showed.

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