- U.S. trade deficit narrows to $42.37 billion in November
Market news
6 January 2016
U.S. trade deficit narrows to $42.37 billion in November
The U.S. Commerce Department released the trade data on Wednesday. The U.S. trade deficit narrowed to $42.37 billion in November from a deficit of $44.58 billion in October. October's figure was revised down from a deficit of $43.89 billion.
Analysts had expected a trade deficit of $44.0 billion.
The decline of a deficit was driven by a drop in imports. Exports fell by 0.9% in November, while imports decreased by 1.7%.
A stronger U.S. dollar weighed on exports.
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