News Snapshot:
Merchandise exports rose just 4.8% in September from a year before to $35.5 billion, as easing global commodity prices, on top of a slowdown in demand from key markets, continued to hurt order flow for a third straight month. Trade deficit, however, moderated a bit to $25.7 billion in September from a record $28 billion in the previous month, as import growth slowed, possibly reflecting a softening of pent-up domestic demand and a high base effect. Still the record quarterly trade deficit of almost $84 billion in the three months through September will further pressure the current account, the deficit...
