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Post by bot on May 9, 2014 23:00:31 GMT -5
WASHINGTON (MarketWatch) - The U.S. trade deficit fell 3.6% to $40.4 billion in March as the nation boosted exports of gas, oil and commercial aircraft, the Commerce Department said Tuesday. Economists surveyed by MarketWatch forecast a deficit of $40.0 billion. U.S. exports climbed 2.2% - the biggest increase since June - to $193.9 billion. Imports rose a slower 1.7% to $234.3 billion. The deficit for February, meanwhile, was revised down to $41.9 billion from an initially reported $42.3 billion. A smaller trade deficit, generally a good thing for an economy, results when the U.S. sells more goods and services overseas and or buys less from foreign countries.
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