Trade Gap in U.S. Narrows to 11-Month Low as Exports Increase

Improving global demand and a weaker dollar are helping boost U.S. exports, with the trade deficit narrowing to an 11-month low in August, Commerce Department data showed Thursday.

The report indicates that an improving picture for the global economy is supporting demand for American goods and services. Exports of capital goods and non-petroleum exports were both the highest since April 2015, while the goods deficit was the smallest since October 2016.