US Trade Deficit In Line As Both Exports and Imports Rise

The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports.

The Commerce Department said on Friday the trade gap was at $39.1 billion from December’s revised shortfall of $39.0 billion. December’s trade gap was previously reported as being $38.7 billion.

January’s trade deficit was in line with economists’ expectations.

When adjusted for inflation, the trade gap dipped to $48.5 billion in January from $49.2 billion the prior month.

This measure goes into the calculation of gross domestic product. Trade contributed about one percentage point to the fourth-quarter’s annualized 2.4 percent growth pace as exports grew at their fastest pace in three years.

via Reuters

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