The United States trade deficit narrowed to $67.1bn in October, the lowest in six months, after hitting a record high in September. A big rebound in exports helped to offset a much smaller rise in imports.The October deficit was 17.6 percent below the all-time peak in September of $81.4bn, the Commerce Department reported on Tuesday. It was the smallest monthly deficit since a $66.2bn imbalance in April.The strong rebound in exports is seen by economists as evidence of global supply chains beginning to untangle, and they believe smaller deficits this quarter could give a solid boost to overall US economic growth.
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