Tags: trade deficit | GDP

US Goods Trade Deficit Narrows in February

cargo
A cargo ship moves under the Bayonne Bridge as it heads into port on October 13, 2021 in Bayonne, N.J. (Getty Images)

Monday, 28 March 2022 09:22 AM EDT

The U.S. trade deficit in goods narrowed in February as exports rebounded, data showed on Monday, which could provided a lift to economic growth in the first quarter.

The deficit fell 0.9% to $106.6 billion, the Commerce Department said. Exports increased 1.2%, offsetting a 0.3% gain in imports.

Trade has subtracted from gross domestic product growth for six straight quarters.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The U.S. trade deficit in goods narrowed in February as exports rebounded, data showed on Monday, which could provided a lift to economic growth in the first quarter.
trade deficit, GDP
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2022-22-28
Monday, 28 March 2022 09:22 AM
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