US growth outlook may be revised up
Source: Agencies |
April 13, 2012, Friday
|
Print Edition
Print Edition
THE US trade deficit fell in February to the lowest point in four months because American exports rose to an all-time high while imports fell.
A narrower gap may lead to an upward revision in growth outlook for the first quarter.
The Commerce Department yesterday said the trade gap rose 12.4 percent to US$46 billion in February, down from US$52.5 billion in January.
Exports edged up 0.1 percent to a record US$181.2 billion. US businesses sold more goods in Europe, China and other parts of the world.
Imports fell 2.7 percent to US$227.2 billion, after hitting a record high in January. Imports of foreign oil, cars and machinery declined.
A narrower trade gap will weigh less on growth because it means firms sold more US-made goods overseas while US consumers bought fewer foreign-made goods.
A narrower gap may lead to an upward revision in growth outlook for the first quarter.
The Commerce Department yesterday said the trade gap rose 12.4 percent to US$46 billion in February, down from US$52.5 billion in January.
Exports edged up 0.1 percent to a record US$181.2 billion. US businesses sold more goods in Europe, China and other parts of the world.
Imports fell 2.7 percent to US$227.2 billion, after hitting a record high in January. Imports of foreign oil, cars and machinery declined.
A narrower trade gap will weigh less on growth because it means firms sold more US-made goods overseas while US consumers bought fewer foreign-made goods.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
