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America's Merchandise Trade Gap Shrinks to Seven-Month Low

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America’s merchandise trade deficit narrowed in September to a seven-month low as exports rebounded, advanced data issued by the Commerce Department showed on Wednesday.

The gap shrank 12 percent last month to $58.6 billion, smaller than any estimate in a Bloomberg survey of economists, prompting some to raise their tracking projections for third-quarter growth. Shipments of goods to overseas customers climbed 2.4 percent, the biggest increase since March 2014, indicating the damage from a strong dollar -- which makes American-made goods more expensive -- is starting to dissipate.