FXstreet.com (Barcelona) - US deficit in goods and services, income and current transfers trade with the rest of the world has narrowed more than expected in the third quarter, on higher surpluses in services and income trade combined with a lower deficit in goods trade, according to data by the Commerce Department.
US trade has thrown a deficit of $ 178.5 billion in the third quarter of 2007 from $188.9 billion deficit posted in the previous quarter, revised from the initially estimated $191.0 billion gap.
The reasons for October's improvement have been the surpluses on income and services trade, which have increased in the third quarter and the decrease on the goods deficit.
Goods and services deficit narrowed to $173.2 billion in the third quarter from $178.4 billion in the second, where The deficit on goods decreased to $199.7 billion in the third quarter from $204.2 billion in the second, good exports have increased to to $297.9 billion from $279.3 billion.
Services trade has posted a $26.5 billion in the third quarter from $25.8 billion in the second.