Plus   Neg

U.S. Trade Deficit Unexpectedly Narrows To $49.4 Billion In February

A report released by the Commerce Department on Wednesday showed the U.S. trade deficit unexpectedly narrowed in the month of February amid a jump in the value of exports.

The Commerce Department said the trade deficit narrowed to $49.4 billion in February from $51.1 billion in January, while economists had expected the deficit to widen to $53.5 billion.

The narrower deficit came as the value of exports surged up by 1.1 percent to $209.7 billion in February from $207.4 billion in January.

The report also showed a more modest increase in the value of imports, which rose by 0.2 percent to $259.1 billion in February from $258.5 billion in the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT