U.S. Trade Deficit Declined in February

April 26, 2012
 

 

The U.S. Department of Commerce’s Census Bureau and the Bureau of Economic Analysis (BEA) recently announced that exports in February 2012 increased to $181.2 billion from January’s total exports of $180.9 billion. Additionally, imports were down $6.3 billion from January which resulted in a notable decrease in the goods and services deficit from $52.5 billion in January, revised to $46 billion in February.

 

The most notable change was in the import of goods which decreased from January to February by $6.5 billion. Meanwhile exports of goods increased $0.6 billion, exports of services increased $0.8 billion and imports of services increased $0.2 billion.

 

For the three months ending in February, the average trade deficit was $49.7 billion, down from the three months ending in January when the average trade deficit was $50.2, but up from December when the three preceding months’ average trade deficit was $46.3 billion.

Please click here for more details from BEA.

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