Trade Deficit Dips As Exports Rise

The nation's trade deficit narrowed to $38.7 billion in October, from $44.6 billion the month before, as exports rose to their highest level since August 2008, the Census Bureau just reported.

The Associated Press adds that the deficit stood at hits "lowest level in nine months" in large part because of increased demand for U.S.-made "machinery, farm products and autos fueled the growth." Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.