US international trade gap at $40.90 billion in April vs. $44.0 billion expected

The U.S. trade deficit narrowed in April as exports of services hit a record high and imports fell.The U.S. Commerce Department on Wednesday said that the U.S. trade gap shrunk to $40.9 billion in April, down from March's revised deficit of $50.6 billion. The March deficit was previously reported at $51.4 billion. 

The 26.6 percent drop in the April trade deficit was the largest decrease since early 2009.