The U.S. merchandise-trade deficit unexpectedly narrowed for a third month in November to the smallest shortfall in three years as exports increased and imports declined, the latest sign that economic growth is holding up at the end of the year.
The gap decreased to $63.2 billion from $66.8 billion the prior month, according to Commerce Department data released Monday that compared with forecasts for a widening to $68.7 billion. Exports rose 0.7% while imports dropped 1.3%
Submitted December 31, 2019 at 10:22PM by KingofSwansea https://ift.tt/2Qddo53
