Reflecting a notable decrease in the value of imports, the Commerce Department released a report on Wednesday showing that the U.S. trade deficit narrowed by more than expected in the month of November.
The Commerce Department said the trade deficit narrowed to $39.0 billion in November from a revised $42.2 billion in October. The trade deficit in November reflected the smallest since December of 2013.
Economists had expected the deficit to shrink to $41.5 billion from the $43.4 billion originally reported for the previous month. Read more here.