The seasonally adjusted monthly trade gap fell to $41.55 billion, the smallest deficit since December 2010, the Commerce Department said.
Analysts were expecting the trade gap would widen to $45.0 billion, and the decline suggested the U.S. economic growth may have been faster in the third quarter than the 2.0 percent annual rate initially reported.
The data is the latest positive sign for the economy, which has appeared to perk up as consumers spend more freely and home construction quickens.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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