Trade Deficit in U.S. Unexpectedly Fell in November

[Godhumor]

Source: Bloomberg

The U.S. trade deficit unexpectedly narrowed in November to the lowest level in 10 months as faster growth overseas and a weaker dollar boosted demand for American- made aircraft and industrial supplies like cotton.

The gap shrank 0.3 percent to $38.3 billion, less than the $40.5 billion median estimate of economists surveyed by Bloomberg News, Commerce Department figures showed today in Washington. Exports climbed to the highest level in more than two years.

Companies like General Electric Co. and Boeing Co. are benefiting from growing demand abroad and a lower dollar that is making American goods more competitive, propelling a factory-led economic recovery. The gain in exports exceeded an increase in imports that mainly reflected a price-driven surge in purchases of crude oil.

“It’s three months in a row that exports are up,” said Brian Jones, an economist at Societe General in New York. “We’re going to get a massive lift to fourth-quarter growth from the external sector.”



Read more: http://noir.bloomberg.com/apps/news?pid=20601068&sid=agTyv_5F1wfo

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Everything is always unexpected. It would be nice to read actual economic results sometime with the lede stating, "Suprising absolutely no one".

Anyway, 3 months in a row exports have been up. May it continue.