
The US trade deficit increased sharply in February as imports rose and exports fell amid signs of slowing growth in China and Europe's tepid recovery, official data showed Thursday. The nation's trade gap in goods and services with the rest of the world widened to $42.3 billion, from an upwardly revised $39.3 billion in January, the Commerce Department said. The shortfall has increased for three months in a row. Analysts on average had expected a smaller increase to $39.3 billion. The January trade deficit was previously reported at $39.1 billion. In February, imports increased by $1.0 billion from January to $232.7 billion. The increase was led by imports of services, including payments for the rights to broadcast the 2014 Winter Olympics Games. Exports fell by $2.0 billion to $190.4 billion, mostly due to a fall in goods exports, including industrial supplies and capital goods. "The February trade data reinforce our view of a gradual recovery in the US," said Tu Packard of Moody's Analytics. Packard said the decline in February's goods exports would likely be temporary. "It does not mean that the global economic recovery has faltered."
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor