From Business Week:

The U.S. trade deficit unexpectedly narrowed in October as exports surged to the highest level in nearly a year. Growing exports, boosted by a weaker dollar, are expected to boost demand for American manufactured goods in coming months and provide important strength to the overall economic recovery.

The Commerce Department said Thursday the trade deficit fell to $32.9 billion in October, 7.6 percent below a revised September deficit of $35.7 billion. Economists had expected the deficit to increase to $36.8 billion.  More here.