Investing.com – The U.S. trade deficit narrowed slightly less-than-expected in February, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD45.8 billion in February, compared to a deficit of USD47 billion in January, whose figure was revised up from a deficit of USD46.3 billion.
Analysts had expected the U.S. trade deficit to narrow to USD45.7 billion in February.
According to the data, February exports totaled USD165.1 billion, while U.S. imports totaled USD210.9 billion.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.42% to hit 1.4498.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.4%, S&P 500 futures pointed to a decline of 0.53% and Nasdaq 100 futures decreased 0.55%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD45.8 billion in February, compared to a deficit of USD47 billion in January, whose figure was revised up from a deficit of USD46.3 billion.
Analysts had expected the U.S. trade deficit to narrow to USD45.7 billion in February.
According to the data, February exports totaled USD165.1 billion, while U.S. imports totaled USD210.9 billion.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.42% to hit 1.4498.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.4%, S&P 500 futures pointed to a decline of 0.53% and Nasdaq 100 futures decreased 0.55%.