June trade deficit narrowed to -$43.6b, a...>

US DATA: June trade deficit narrowed to -$43.6b, a smaller gap than the

-$44.1b expected, while the May gap was revised smaller to -$46.4b 

from prev -$46.5b. The BOP goods gap narrowed to -$65.2b in June, while 

the census goods gap narrowed to -$64.0b, slightly wider than -$63.9b in 

the advance estimate. Ex-petro, the goods gap narrowed to -$59.6b, while 

the petro gap narrowed sharply to -$4.4b from -$6.2b in June. The 

services surplus widened to $21.6b from $21.0b. The chained goods gap 

narrowed to -$61.0b from -$62.8b in May, putting the 2Q average at 

-$62.5b vs -$62.3b in 1Q. The NSA trade gaps with Canada, Mexico, Japan 

and the EU all narrowed in June, but there was a wider gap with China. 

See MNI main wire.