U.S. Trade Deficit Narrows To $30.7 Billion In August

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With the value of exports showing a modest increase amid a drop in the value of imports, the Commerce Department released a report Friday morning showing that the U.S. trade deficit unexpectedly narrowed in the month of August.

The report showed that the trade deficit narrowed to $30.7 billion in August from a revised $31.9 billion in July. Economists had been expecting the deficit to widen to $33.0 billion compared to the $32.0 billion originally reported for the previous month.

With the value of exports showing a modest increase amid a drop in the value of imports, the Commerce Department released a report Friday morning showing that the U.S. trade deficit unexpectedly narrowed in the month of August. (Market News Provided by RTTNews)