The US trade deficit narrowed in April, supported by a surge in exports.
WASHINGTON, June 9 (Reuters) - The U.S. trade deficit narrowed in April as exports jumped to a record high, a trend that, if it continues, puts trade on track to contribute to economic growth this quarter.
The U.S. Commerce Department's Bureau of Economic Analysis and Census Bureau announced Tuesday that the trade deficit narrowed 1.2 percent to $55.9 billion. March's data was revised downward to show a deficit of $56.6 billion instead of the previously reported $60.3 billion.
Economists polled by Reuters predicted the trade deficit would shrink to $56.2 billion in April.
