Trade Deficit Narrows as Imports Fall Slightly

The U.S. trade deficit narrowed slightly in November to $27.89 billion, from a revised $29.33 billion in October, as imports slipped and exports stayed soft in the face of slow economic growth at home and abroad, the Commerce Department said.

The contraction reflected a slight increase in overall goods and services exports to $78.2 billion and a slight decline in overall imports to $106.09 billion.

Analysts had forecast the November trade gap at $28.97 billion.