TOP NEWS: US Trade Deficit Unexpectedly Narrows In February

WASHINGTON (Alliance News) - A report released by the Commerce Department on Wednesday showed the ...

Alliance News 17 April, 2019 | 1:43PM
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WASHINGTON (Alliance News) - A report released by the Commerce Department on Wednesday showed the US trade deficit unexpectedly narrowed in the month of February amid a jump in the value of exports.

The Commerce Department said the trade deficit narrowed to USD49.4 billion in February from USD51.1 billion in January, while economists had expected the deficit to widen to USD53.5 billion.

The narrower deficit came as the value of exports surged up by 1.1% to USD209.7 billion in February from USD207.4 billion in January.

The report also showed a more modest increase in the value of imports, which rose by 0.2% to USD259.1 billion in February from USD258.5 billion in the previous month.

Copyright RTT News/dpa-AFX

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