US: Trade deficit in November declines to $49.3 billion vs $54 billion expected

"The goods and services deficit was $49.3 billion in November, down $6.4 billion from $55.7 billion in October, revised," the U.S. Census Bureau and the U.S. Bureau of Economic Analysis jointly announced on Wednesday.

Key takeaways from the press release

• November exports were $209.9 billion, $1.3 billion less than October exports.
• November imports were $259.2 billion, $7.7 billion less than October imports.
• The November decrease in the goods and services deficit reflected a decrease in the goods deficit of $6.7 billion to $71.6 billion and a decrease in the services surplus of $0.3 billion to $22.3 billion.