empty
 
 

2019.03.2708:40:00UTC+00U.S. Trade Deficit Narrows Much More Than Expected In January

Largely reflecting a steep drop in the value of imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit narrowed by much more than anticipated in the month of January.

The Commerce Department said the trade deficit narrowed to $51.1 billion in January from a revised $59.9 billion in December.

Economists had expected the deficit to shrink to $57.0 billion from the $59.8 billion originally reported for the previous month.

The narrower than expected deficit came as the value of imports tumbled by 2.6 percent to $258.5 billion, while the value of exports rose by 0.9 percent to $207.3 billion.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback