|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    17th of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

All Financial News feed All Financial News

US trade deficit widens in January

Bookmark and Share

by Kay Mitchell

The US trade deficit swelled in January to a seven month high of $46.3 billion (£28.8 billion) – much higher than expected.

The widening was attributed to higher prices for imported oil, the Commerce Department reported today.

Imports continued to surge – rising for the fourth consecutive month in January by 5.2% on a monthly basis.

Meanwhile, exports rose by 2.7% to a record high of $167.7 billion.

The politically sensitive trade deficit with China grew to $23.3 billion after narrowing to $20.7 billion in December.

Following the news, US stock markets were down since analysts had forecast a deficit of $41.5 billion.

Discuss this in the Finance Markets forums

Story link: US trade deficit widens in January

News posted: March 10, 2011

Financial Services:

Related financial stories to: US trade deficit widens in January:
Previous: «
Next: »

Visited 3048 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , , , ,