US Trade Gap Shrinks; Exports Hit 10-Month High

The U.S. trade deficit fell more than expected in July as exports rose to their highest level in 10 months, offering further evidence that economic growth picked up early in the third quarter. The Commerce Department said Friday that the trade gap narrowed 11.6 percent to $39.5 billion, declining after three straight months of increases. June's trade deficit was revised slightly up to $44.7 billion. Economists polled by Reuters had forecast the trade gap decreasing to $42.7 billion...

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