US trade gap narrows sharply in October
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A record drop in oil import prices pushed the U.S. trade deficit in October to its lowest level in more than a year, while U.S. exports rose to a new high, a Commerce Department report showed on Tuesday.
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The US trade deficit widened to a new high of $55.5 billion in October, boosted by high oil prices and record imports from China as retailers geared up for Christmas.
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The trade deficit shrank much more than expected in April to $58.5 billion, as the weakening U.S. dollar appeared to depress import demand and help push exports to a record, a U.S. Commerce Department report on Friday showed.
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The US economy is &quot;losing steam,&quot; the Conference Board said, reporting that the index of US leading economic indicators fell 0.3 percent in October, marking the fifth straight decline.
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WASHINGTON (CBS.MW) - The US trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.
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New orders at U.S. factories fell  4.7 percent in October, the biggest fall in more than six years  and marking the third drop in four months, while inventories  rose again suggesting growing slack in the economy, a  government report said on Tuesday.
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The U.S. trade deficit narrowed more than expected in September as a rise in exports to unprecedented levels offset the impact of record-high prices for imported oil, a government report showed on Wednesday.
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The US economy slowed even more than first thought in the second quarter, as pricey imported oil widened the trade gap. The Commerce Department cut its estimate yesterday of second-quarter
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The UK&#39;s global trade deficit in goods widened to a nine-month high in October as imports rose to a record and exports to countries outside of the European Union declined.
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WASHINGTON -- Helped by a record plunge in oil prices, America's trade deficit dropped dramatically in October, falling to the lowest level in 14 months.
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America's trade deficit swelled to a record high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels ever. Skyrocketing crude oil prices also contributed to the yawning trade gap.
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The US trade gap shrank by a sharper than expected 3.7% in September as exports rose to a record high, despite a new record deficit with China.
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WASHINGTON - The US trade deficit continues to swell to new records, hitting $55.5 billion US in October. The US Commerce Department said Tuesday that the trade deficit grew by 8.9 per cent from September, even
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The U.S. current account deficit shrank in the third quarter to its narrowest in two years, while net overall capital inflows into the country surged in October, data on Monday showed.
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The U.S. trade deficit narrowed more  than expected in September as a rise in exports to  unprecedented levels offset the impact of record-high prices  for imported oil, a government report showed on Wednesday.
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New orders at U.S. factories fell 4.7 percent in October, the biggest fall in more than six years and marking the third drop in four months, while inventories rose again suggesting growing slack in the economy, a government report said on Tuesday.
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The U.S. trade deficit widened to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating.