The deficit fell to $107.5 billion in the third quarter, down 9 percent from the second quarter imbalance of $118.1 billion, the Commerce Department reported Tuesday. It was the lowest trade gap since the final three months of 2010.The current account is the broadest measure of trade. It tracks the sale of merchandise and services between nations, as well as investment flows. Economists watch the current account as a sign of how much the U.S. needs to borrow from foreigners.
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