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US trade gap narrows to lowest since 2009
Financial Express Pune
|January 09, 2026
SHARP PULLBACK IN IMPORTS
THE US in October to the smallest since 2009 on a sharp pullback in imports, notably pharmaceuticals.
The goods and services trade gap shrank 39% from the prior month to $29.4 billion, Commerce Department data showed Thursday.
The deficit was smaller than all estimates in a Bloomberg survey of economists.
The report was delayed for over a month because of the federal government shutdown. Imports decreased 3.2%, reflecting declines in inbound shipments of medication and nonmonetary gold.
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