(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit increased by less than expected in the month of February.
The Commerce Department said the trade deficit widened to $57.3 billion in February from a revised $54.7 billion in January.
Economists had expected the trade deficit to jump to $60.1 billion from the $54.5 billion originally reported for the previous month.
The wider trade deficit came as the value of imports surged by 4.3 percent to $372.1 billion, while the value of exports shot up by 4.2 percent to $314.8 billion.
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