Mumbai, Dec. 12 -- Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.
The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August.
The unexpectedly narrower trade deficit came as the value of exports jumped by 3.0 percent to $289.3 billion in September after slipping by 0.2 percent to $280.9 billion in August.
The report showed significant increases in exports of non-monetary gold and pharmaceuticals, which more than offset a decrease in exports of computers.
Meanwhile, the Commerce Department said the value of imports climbed by 0.6 percent...