TeleTrade - Analytics

TeleTrade

721.00 6.50/10
57% of positive reviews
Real

U.S. trade deficit widens to $51.37 billion in March, the largest deficit since October 2008 | 05.05.2015

 

The U.S. Commerce Department released the trade data on Tuesday. The U.S. trade deficit widened to $51.37 billion in March from a deficit of $35.9 billion in February. It was the largest deficit since October 2008.

 

 

February's figure was revised down from a deficit of $35.44 billion.

 

 

Analysts had expected a trade deficit of $40.3 billion.

 

 

The rise of a deficit was driven by higher imports. Imports soared by 7.7% in March, while exports increased by 0.9%.

 

 

Imports of consumer goods, capital goods, and automotive vehicles, parts, and engines increased in March.

 

 

Exports to Canada and Mexico were up in March, exports to China rose 13.6%, while exports to the European Union climbed 8.6%.

 

 

Imports from China jumped 31.6%.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree