Alexa
  • Directory of Taiwan

Trade deficit increases in February even though oil imports drop

Trade deficit increases in February even though oil imports drop

The U.S. trade deficit unexpectedly rose for a second straight month in February. A big jump in imports of foreign-made cars offset the first decline in oil imports in a year.
The Commerce Department reported Thursday that the trade deficit rose to $62.3 billion (euro39.6 billion), the highest level since November. Analysts had forecast that the deficit would decline, believing that a sharp economic slowdown in the United States would cut demand for imports.
However, imports of goods and services shot up 3.1 percent to an all-time high of $213.7 billion (euro135.9 billion).


Updated : 2021-10-20 12:57 GMT+08:00