US trade deficit shrinks to 30.7 billion dollars

October 9th, 2009 No Commented

Categorized Under: Economy

There is some good news at last on the trade deficit front for US. The trade deficit in the month of August 2009 has come down from 31.9 billion dollars a month earlier to 30.7 billion dollars, due to a record surge in exports.
The US Exports in August was propelled to new high , thanks to the increasing demand for US products in other countries. US was able to export more high end products to other countries due to the stimulus spends being carried out in every other country.
This trend is expected to continue for some more months, as most of the countries are expected to continue stimulating their respective economies.

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