April 12, 2012
Trade Deficit Falls In Feb.
The U.S. trade deficit fell in February thanks to a drop in imports, according to the U.S. Census Bureau and the Bureau of Economic Analysis.
Total exports for the month rose by $200,000 to $181.2 billion, while imports fell by $6.3 billion to $227.2 billion. That left the trade deficit at $46 billion, down from $52.5 billion in January.
The decrease in imports was driven by consumer goods, industrial supplies and materials and automotive vehicles and parts.
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