U.S. Trade Deficit Drops 13% in October
The U.S. trade deficit declined 13% in October as a weaker dollar boosted U.S. exports, the Commerce Department said Friday.
The gap between imports and exports fell to $38.7 billion, from an initially reported $44 billion in September.
Economists expected little change from the $44 billion level, Bloomberg reported.
U.S. exports rose 3.2% to $158.7 billion, while imports slipped 0.5% to $197.4 billion.
