(RTTNews) - With the value of exports rising and the value of imports falling in the month of July, the U.S. trade deficit for the month narrowed by much more than economists had been expecting, according to a report released by the Commerce Department on Thursday.
The Commerce Department said that the trade deficit narrowed to $42.8 billion in July from a revised $49.8 billion in June. The trade deficit had been expected to narrow to $47.3 billion from the $49.9 billion originally reported for the previous month.
A rebound in the value of exports contributed to the bigger than expected decrease in the size of the trade deficit, with the value of exports rising by 1.8 percent to $153.3 billion in July after falling by 1.3 percent to $150.6 billion in June.



United States














0.25%
0.25%
1.00%
0.50%
0.50%
4.50%
0.10%
2.75%