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    U.S. trade deficit narrowed to $35.44 billion in February | 02.04.2015

     

    The U.S. Commerce Department released the trade data on Thursday. The U.S. trade deficit narrowed to $35.44 billion in February from a deficit of $42.7 billion in January. That was the lowest level since October 2009.

     

     

    January's figure was revised down from a deficit of $41.8 billion.

     

     

    Analysts had expected a trade deficit of $41.5 billion.

     

     

    The decline of a deficit was driven by a stronger U.S. dollar and weaker global demand.

     

     

    Imports fell by 4.4% in February, while exports declined by 1.6%.

     

     

    Exports to Canada and Mexico were up in February, exports to China dropped 8.9%, while exports to the European Union were unchanged.

     

     

    Imports from China slid 18.1%.


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