U.S. Trade Deficit Widens, Though Exports Grew
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WASHINGTON (Reuters) — The United States trade deficit widened in December to its highest level in four months, the government said on Friday, and the annual trade gap expanded nearly 33 percent in 2010 as imports from China hit record levels. The December trade deficit grew nearly 6 percent from the previous month, to $40.6 billion, just slightly higher than a consensus estimate of Wall Street analysts as the average price for imported oil rose to its highest level since October 2008. Overall imports of goods and services were also their highest since October 2008, in a sign that consumers and businesses are spending more as the economy picks up steam. Exports of goods and services…
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U.S. Trade Deficit Widens, Though Exports Grew
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U.S. Trade Deficit Widens, Though Exports Grew
WASHINGTON (Reuters) — The United States trade deficit widened in December to its highest level in four months, the government said on Friday, and the annual trade gap expanded nearly 33 percent in 2010 as imports from China hit record levels. The December trade deficit grew nearly 6 percent from the previous month, to $40.6 billion, just slightly higher than a consensus estimate of Wall Street analysts as the average price for imported oil rose to its highest level since October 2008. Overall imports of goods and services were also their highest since October 2008, in a sign that consumers and businesses are spending more as the economy picks up steam. Exports of goods and services…
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U.S. Trade Deficit Widens, Though Exports Grew
Posted by
on February 11, 2011. Filed under
News.
You can follow any responses to this entry through the
RSS 2.0.
You can leave a response or trackback to this entry