U.S. Trade Deficit Narrows Slightly In March
(RTTNews) - The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce Department on Thursday.
The Commerce Department said the trade deficit narrowed to $69.4 billion in March from a revised $69.5 billion in February
Economists had expected the trade deficit to inch up to $69.1 billion from the $68.9 billion originally reported for the previous month.
The report said the value of imports slumped by 1.6 percent to $327.0 billion, while the value of exports tumbled by 2.0 percent to $257.6 billion.
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A report released by the Federal Reserve Bank of New York on Friday showed regional manufacturing activity has seen a substantial turnaround in the month of November. The New York Fed said its general business conditions index skyrocketed to a positive 31.2 in November from a negative 11.9 in October, with a positive reading indicating growth.
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U.S. Import Prices Unexpectedly Rise 0.3% In October
The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent.
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U.S. Retail Sales Climb 0.4% In October, Slightly More Than Expected
Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised 0.8 percent in September.
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