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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.