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<Econ> US Feb Trade Deficit Widens to USD83.5B, Smaller-than-Expected Increase
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The US Department of Commerce announced on Thursday that the goods trade deficit widened to USD83.5 billion in February, higher than the upwardly revised USD80.9 billion in the previous month. Imports rose 5.1% to USD289.7 billion. Meanwhile, exports increased 5.9% from the previous month to USD206.2 billion. The goods and services trade deficit expanded 4.9% from the previous month to USD57.3 billion in February, below the median market expectation of nearly USD61 billion. Exports in February grew 4.2%, mainly driven by increased shipments of gold and natural gas. Imports rose 4.3%, primarily due to higher imports of computers, semiconductors and automobiles. Goods imports reached the highest level in nearly a year. (me/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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