The trade gap in goods narrowed 2.5% to $96.8 billion, the Commerce Department’s Census Bureau said Wednesday. The deficit had widened in the previous two months.
The government is due to release its advance estimate of second-quarter GDP growth on Thursday. Gross domestic product likely rose at an annualized rate of 2.0% last quarter, according to a Reuters poll of economists.
Trade weighed on GDP in the first quarter, when the economy grew at a pace of 1.4% during that period.
