FXstreet.com (Barcelona) - US deficit in goods and services has narrowed in December to $58.8 billion from $63.1 billion in November as exports increased and imports declined, according to data released by the US Census Bureau.

In December, exports increased $2.2 billion more than November's $142.2 billion, whereas imports were $2.2 billion less than November's imports of $205.3 billion. The goods deficit decreased $4.6 billion from November to $68.2 billion, while the services surplus decreased $0.2 billion to $9.5 billion.

The goods and services deficit decreased by $ 1.5 billion in December from the same month in 2006 due to a 13.6% increase on exports, which was partially offset by a 8.6% increase on imports.