Financial News: U.S. Trade Deficit Narrows Slightly In March

U.S. Trade Deficit Narrows Slightly In March

05/02/2024 - 08:38:00 (RTTNews)

(RTTNews) - The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday.

The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February

Economists had expected the trade deficit to inch up to $69.1 billion from the $68.9 billion originally reported for the previous month.

The report said the value of imports slumped by 1.6 percent to $327.0 billion, while the value of exports tumbled by 2.0 percent to $257.6 billion.

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