April 10, 2008
Trade Deficit Increases
Despite the weak economy, the U.S. trade deficit unexpectedly rose 5.6 percent in January.
The U.S. Department of Commerce reported today that the gap between imports and exports for the month was $62.3 billion, compared with $59 billion in January. Analysts had predicted that the deficit would decrease in February.
Imports of consumer goods rose by $2.2 billion during the month. Imports of cars and car parts also rose by $1.8 billion.
The U.S. Department of Commerce reported today that the gap between imports and exports for the month was $62.3 billion, compared with $59 billion in January. Analysts had predicted that the deficit would decrease in February.
Imports of consumer goods rose by $2.2 billion during the month. Imports of cars and car parts also rose by $1.8 billion.
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