America’s trade deficit narrowed to an eight-month low in June, helped by the biggest outflow of goods and services since the end of 2014, a positive signal for the economy entering the third quarter, Commerce Department data showed Friday.
Firmer overseas demand has helped boost sales of American-made goods and services, with trade contributing to economic growth in four of the last five quarters. A weaker dollar may also be benefiting U.S. exporters. Net exports added almost 0.2 percentage point to gross domestic product growth in the second quarter.
