imports
Washington (AFP) - The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday. The overall gap was $74.6 billion, growing from March's revised $68.6 billion figure, said the Commerce Department. This was the largest deficit since October 2022, according to official data. US consumption has been more resilient than anticipated even as the central bank rapidly hiked interest rates to dampen demand -- and this has helped to support imports. But with weaker glo...
AFP
Washington (AFP) - The US trade deficit was wider than analysts anticipated in March -- hovering close to the biggest in nearly a year -- with exports and imports both declining, according to government data published Thursday. The trade gap came in at $69.4 billion, narrowing slightly from February's $69.5 billion figure -- which had been revised larger, said the Commerce Department. Analysts had expected a figure of $69.0 billion, according to Briefing.com. While consumption has helped to support US trade, economists see trade flows easing ahead with cooler global demand and growth. Elevated...
AFP
Washington (AFP) - The US trade gap narrowed in November with imports and exports both falling while higher interest rates bite, the government reported Tuesday. Although analysts expected the trade deficit to widen slightly, the gap was smaller than anticipated at $63.2 billion, down from a revised October figure of $64.5 billion, the Commerce Department said. Resilient consumption has supported US trade, but analysts have expected the effect of higher interest rates, as it weighs on demand, to add pressure on imports. Meanwhile, exports could take a hit from slower growth in major US trading...
AFP
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