U.S. Trade Deficit Narrows From Revised Level
(RTTNews) - Reflecting a bigger decease in the dollar value of imports than the dollar value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of April.
The Commerce Department said the trade deficit narrowed to $50.8 billion in April from a revised $51.9 billion in March.
Economists had expected the deficit to widen to $50.7 billion from the $50.0 billion originally reported for the previous month.
The narrower deficit came as the value of imports fell by $5.7 billion or 2.2 percent to $257.6 billion, while the value of exports dropped by $4.6 billion or 2.2 percent to $206.8 billion.