The U.S. trade deficit narrowed more than was expected in February, according to government data released Thursday.
The U.S. Commerce Department reported that the trade gap came in at a deficit of $25.97 billion for February. This compared to a revised level of $36.2 billion in the previous month.
Economists had been looking for a deficit around $36 billion.
Imports dropped 5.1 percent during the month, slowing from the 6.7 percent drop seen in January. Exports increased by 1.6 percent, after a decline of 5.9 percent in the previous month.
For comments and feedback: contact firstname.lastname@example.org