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Financial News: U.S. Trade Deficit Narrows From Revised Level

U.S. Trade Deficit Narrows From Revised Level

06/06/2019 - 08:43:00 (RTTNews)

(RTTNews) - Reflecting a bigger decease in the dollar value of imports than the dollar value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of April.

The Commerce Department said the trade deficit narrowed to $50.8 billion in April from a revised $51.9 billion in March.

Economists had expected the deficit to widen to $50.7 billion from the $50.0 billion originally reported for the previous month.

The narrower deficit came as the value of imports fell by $5.7 billion or 2.2 percent to $257.6 billion, while the value of exports dropped by $4.6 billion or 2.2 percent to $206.8 billion.

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