Financial News: U.S. Trade Deficit Narrows Slightly Less Than Expected

U.S. Trade Deficit Narrows Slightly Less Than Expected In March

05/04/2023 - 08:38:00 (RTTNews)

(RTTNews) - Partly reflecting a jump in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of March.

The Commerce Department said the trade deficit shrank to $64.2 billion in March from a revised $70.6 billion in February.

Economists had expected the trade deficit to narrow to $63.3 billion from the $70.5 billion originally reported for the previous month.

The narrower trade deficit came as the value of exports jumped by 2.1 percent to $256.2 billion, while the value of imports slipped by 0.3 percent to $320.4 billion.

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