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Tag Archives: imports

U.S.growth in 4Q likely stronger on export gains

WASHINGTON — The U.S. trade deficit narrowed sharply in December because exports rose while oil imports plummeted. The smaller trade gap means the economy almost surely grew in the October-December quarter — an improvement from the government’s estimate last week ...

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Trade gap hit $48.7 billion in November

WASHINGTON — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. The Commerce Department report Friday suggests trade will drag on economic ...

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U.S. current account deficit fell in Q2 to $117.4B

WASHINGTON — The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent ...

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China’s imports shrink in sign downturn worsening

BEIJING — China’s imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending. Imports declined 2.6 percent from a year earlier, ...

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U.S. trade deficit grew to 3-year high in January

WASHINGTON — The U.S. trade deficit surged in January to the widest imbalance in more than three years after imports grew faster than exports. Rising oil prices helped drive imports to a record high, as did stronger demand for foreign-made ...

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U.S. trade deficit up to $48.8 billion in December

WASHINGTON — Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The ...

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