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U.S. Trade Deficit Unexpectedly Narrows To $63.2 Billion In November
(RTTNews) - The Commerce Department released a report on Tuesday showing the U.S. trade deficit unexpectedly shrank in the month of November.
The report said the trade deficit narrowed to $63.2 billion in November from a revised $64.5 billion in October. Economists had expected the trade deficit to widen to $65.0 billion from the $64.3 billion originally reported for the previous month.
The unexpectedly smaller trade deficit came as the value of imports tumbled by 1.9 percent to $316.9 billion, while the value of export slumped by 1.9 percent to $253.7 billion.
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U.S. Pending Home Sales Fall More Than Expected In July
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U.S. Economy Surges More Than Previously Estimated In Q2
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U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates
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U.S. GDP Jumps More Than Previously Estimated In Q2
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U.S. Weekly Jobless Claims Edge Down To 229,000
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U.S. Consumer Confidence Index Edges Lower In August
A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
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U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
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U.S. Durable Goods Orders Tumble Less Than Expected In July
Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
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