US Trade Deficit In Line As Both Exports and Imports Rise

March 7, 2014 Share Print 0

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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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.