Investing.com - The U.S. trade deficit narrowed less-than-expected in October, official data showed on Wednesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD40.6 billion in October from a deficit of USD43.0 billion in September, whose figure was revised from a previously reported deficit of USD41.8 billion.
Analysts had expected the U.S. trade deficit to narrow to USD40 billion in October.
The data showed that U.S. exports totaled USD192.70 billion in October, while imports came in at USD233.31 billion.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3567.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a drop of 0.15%, while the Nasdaq 100 futures indicated a decline of 0.1%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit narrowed to a seasonally adjusted USD40.6 billion in October from a deficit of USD43.0 billion in September, whose figure was revised from a previously reported deficit of USD41.8 billion.
Analysts had expected the U.S. trade deficit to narrow to USD40 billion in October.
The data showed that U.S. exports totaled USD192.70 billion in October, while imports came in at USD233.31 billion.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3567.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures indicated a loss of 0.1% at the open, S&P 500 futures pointed to a drop of 0.15%, while the Nasdaq 100 futures indicated a decline of 0.1%.