11 December 2012, 17:44 U.S. Trade Deficit сomes in narrower than expected
With the value of exports falling at a faster rate than the value of imports in the month of October, the Commerce Department released a report on Tuesday showing that the U.S. trade deficit for the month widened compared to the previous month.
The Commerce Department said the U.S. trade deficit widened to $42.2 billion in October from a revised $40.3 billion in September.
Despite the increase by the size of the deficit, it still came in narrower than the $42.8 billion deficit forecast by economists.
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