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Economic Report: U.S. trade deficit in goods narrows sharply in October

The U.S. trade deficit in goods narrowed 14.6% to $82.9 billion in October, according to the Commerce Department’s advanced estimate released Wednesday.

Economists polled by Econoday were looking to a $94.6 billion deficit.

Exports jumped in October while imports increased at a more moderate pace.

The report also showed a 2.2% gain in wholesale inventories. And advanced retail inventories were up 0.1% . Excluding autos, retail inventories were up 0.4%.

U.S. stocks


were set to open lower on Wednesday.

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