U.S. Trade gap narrows to $44.8 billion in July


That is from S51.6 billion trade deficit in June. Exports increased by $6.2 billion to a total of $178 billion. That is a 3.6% increase from June. During the same time, imports decreased $0.5 billion to a total of $222.8 billion.

The jump in exports reflected an increase in industrial supplies and materials, capital goods, and automotive vehicles, parts and engines, the government said.

Capital goods are defined as: Aerospace, defense, construction machinery, and production equipment.

The new unemployment claims for the week rose to 414,000.