US Trade Deficit Declines 17.6% In October

The US goods and services trade deficit declined by $17.6% billion in October from the previous month, according to the US Commerce Department's Census Bureau data released Tuesday.

The figure is down by $14.3 billion to $67.1 billion in October, compared to September's revised figure of $81.4 billion.

The market expectation for the deficit was to come at $66.8 billion.

"October exports were $223.6 billion, $16.8 billion more than September exports. October imports were $290.7 billion, $2.5 billion more than September imports," the Census Bureau said. -