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U.S. trade deficit in goods narrows sharply in October

From marketwatch.com

The U.S. trade deficit in goods narrowed 14.6% to $82.9 billion in October, according to the Commerce Department’s advanced estimate released Wednesday. Economists polled by Econoday were looking to a $94.6 billion deficit. Exports jumped in October while imports increased at a more moderate pace. The report also showed a 2.2% gain in wholesale inventories. And advanced retail inventories were up 0.1% . Excluding autos, retail inventories were up 0.4%. U.S. stocks DJIA, +0.55% SPX, +0.17% were set to open lower on Wednesday. (full story)

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