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Reflecting an increase in exports and a modest decrease in imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed in the month of July.
The Commerce Department said the trade deficit narrowed to $54.0 billion in July from a revised $55.5 billion in June.
Economists had expected the deficit to narrow to $53.5 billion from the $55.2 billion originally reported for the previous month.
The narrower trade deficit came as the value of exports climbed by 0.6 percent to $207.4 billion, while the value of imports edged down by 0.1 percent to $261.4 billion.
