U.S. Trade Deficit Shrinks on Exports Surge

Down 13% from September

The U.S. trade deficit narrowed more than expected in October to the smallest gap since January, thanks to a surge in exports underpinned by a weaker dollar, official data showed on Dec. 10.

The Commerce Department reported the trade gap stood at a seasonally adjusted $38.7 billion, down some 13% from a revised $44.6 billion in September.

The improvement in the trade balance was much better than the $44.5 billion deficit expected by analysts.

The September gap was revised a tick upward from a prior estimate of $44 billion.

Copyright Agence France-Presse, 2010

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