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International Merchandise Trade (Aug. 16)

The modest decline in the trade deficit to $1.9bn in August, from $2.2bn, was entirely due to price effects, with the real deficit actually widening slightly. Exports increased by 0.6% m/m in nominal terms, but only 0.4% in real terms. In contrast, while imports were largely unchanged in nominal terms, in real terms they increased by 0.8% m/m. 

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