The U.S. trade deficit declined by $1 billion in February to $106.6 billion, or 0.9 percent, from $107.6 billion in January, reported the U.S. Census Bureau on March 28. The goods deficit topped $1 trillion for the very first time last year for an all-time high. The trade deficit has subtracted from U.S. GDP growth for the sixth quarter in a row. February’s dip only slightly reversed January’s record high, suggesting that the trade deficit would continue to factor in on economic growth in the near future. “Exports of goods for February were $157.2 billion, $1.9 billion more than January exports,” or 1.2 percent, said the report, while “imports of goods for February were $263.7 billion, $0.9 billion more than January imports.” The value of imports rose only 0.3 percent, which was constrained by a massive 9.9 percent slump in motor vehicle imports, as well as a 3 percent drop …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta