Content Tagged As trade_deficit

4 years 1 week ago

US trade deficit balloons in May

The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing. The Commerce Department says the trade deficit increased 4.8 percent to $42.3 billion, the largest imbalance since November 2008. ...

4 years 5 months ago

Trade deficit jumps sharply in December

The government says the trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for imports. The Commerce Department said the December deficit was 10.4 percent higher than the November imbalance....

4 years 7 months ago

US trade deficit widens in Third Quarter

The deficit in the broadest measure of foreign trade posted a sharp increase in the July-September quarter, a sign that the U.S. economy was beginning to rebound as demand for foreign goods increased. The Commerce Department said Wednesday the current account deficit rose to $108 billion in the third quarter,...

4 years 7 months ago

October trade deficit drops to $32.9 billion

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...

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