Largely reflecting a steep drop in the value of imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by much more than anticipated in the month of January.The Commerce Department said the trade deficit narrowed to $51.1 billion in January from a revised $59.9 billion in December.Economists had expected the deficit to shrink to $57.0 billion from t...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.