By Greg Robb
WASHINGTON (MarketWatch) -- The U.S. trade deficit narrowed by 6.6% in January to $37.29 billion, the Commerce Department said Thursday. The decline in the trade deficit caught economists by surprise. The consensus forecast of Wall Street economists of a deficit of $41.0 billion. Both imports and exports fell in January. Imports fell at a faster pace. The U.S. trade deficit with China narrowed to $18.30 billion in compared with $20.57 billion in the same month last year. The government also revised the deficit in December to $39.9 billion from $40.2 billion.
