US trade deficit falls to 55 billion dollars

WASHINGTON - The US trade deficit staged a surprise fall in March to narrow to 55 billion dollars with imports posting their biggest decline in four years, the government said Wednesday.
The deficit declined from the record high of 61 billion dollars seen in February, the Commerce Department said. Wall Street was betting the March deficit would explode to a new peak of 62 billion dollars.

05/11/2005 12:39 GMT