The U.S. trade deficit unexpectedly narrowed in November, driven by a pickup in services exports and a slight decline in imports of merchandise.
The deficit in goods and services trade shrank 2 percent from the prior month, to $63.2 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a $64.9 billion gap.
The value of imports and exports each decreased 1.9 percent. The figures aren't adjusted for inflation.
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