The U.S. Commerce Department reported on Monday the U.S. the goods trade deficit narrowed to $63.19 billion in November from $66.80 billion in the previous month.

Economists had expected a deficit of $68.75 billion.

According to the report, exports of goods from the U.S. rose 0.7 percent m-o-m, boosted by higher sales of vehicles (+3.4 percent m-o-m), consumer goods (+2.6 percent m-o-m), capital goods (+1.3 percent m-o-m) and foods, feeds, and beverages (+2.0 percent m-o-m). Meanwhile, imports fell 1.3 percent m-o-m due to lower purchases of consumer goods (-2.2 percent m-o-m), capital goods (-2.0 percent m-o-m), industrial supplies (-1.5 percent m-o-m), foods, feeds, and beverages (-1.3 percent m-o-m), and other goods (-6.8 percent m-o-m). Imports of vehicles, however, surged 3.7 percent m-o-m in November.