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Updated:
12/10/2009 8:50:00 AM
Trade Gap Declines in October
The U.S. trade deficit narrowed in October, declining 7.6% from September, the Commerce Department said Thursday.
The gap between imports and exports closed to $32.9 billion, from a revised $35.7 billion in September, Commerce said.
Economists had forecast the deficit would widen to $36.8 billion from an initially reported $36.5 billion, Bloomberg reported.
Imports rose 0.4% to $169.8 billion. Exports rose to $136.8 billion, reflecting increased demand for U.S. semiconductors, aircraft and automobiles, Bloomberg reported.
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