U.S. trade gap in Oct narrows most in 5 years
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The U.S. trade deficit in October narrowed by the biggest amount in nearly five years, as oil import prices plunged for a second consecutive month and exports edged up to a new record, a Commerce Department report showed on Tuesday.
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The US trade deficit fell to 50.15 billion dollars in July, 4.87 billion dollars down from the previous month, as imports declined for the first time in almost ayear, the US Commerce Department reported Friday.
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The U.S. trade deficit narrowed more than expected in December as record exports remained one bright spot of a weakening economy, while claims for jobless benefits also fell last week, data showed on Thursday.
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The nation's trade deficit narrowed in July as exports rebounded from an unusually weak June and the price of oil imports slipped, adding to evidence that the US economy is moving out of its recent soft patch.
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WASHINGTON - The US trade deficit unexpectedly narrowed in July as Boeing Co., General Electric Co. , and Deere &amp; Co. shipped more airplanes, engines, and tractors overseas.
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The U.S. trade deficit widened  nearly 9 percent in October to a record $55.5 billion as  sky-high oil prices helped propel imports into new territory,  the government said on Tuesday.
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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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The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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WASHINGTON -- The U.S. trade deficit declined slightly in July as record exports of farm goods, autos and other products offset a big jump in foreign oil prices. The deficit with China hit the second-highest level ever, reflecting strong demand for Chinese-made goods despite a string of high-profile...
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A key forecasting gauge of future  U.S. economic activity fell for a fifth straight month in  October, a private research firm said on Thursday.
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WASHINGTON  - The US trade gap unexpectedly shot to a record 55.5 billion dollars in October as Americans sucked in more imports, particularly from China, and oil prices sizzled.
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The US trade deficit widened nearly 9 percent in October to a record $55.5 billion as sky-high oil prices helped propel imports into uncharted territory, the government said on Tuesday.
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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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A key forecasting gauge of future U.S. economic activity fell for a fifth straight month in October, a private research firm said on Thursday.
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THE US trade deficit shrank to $US51.6 billion ($67.86 billion) in September, an improvement brought about as exports posted their best month on record.
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Canadaâs trade surplus narrowed in October, as exports to the United States fell to the lowest level in two years because of falling energy prices. The surplus narrowed to 3.8 billion Canadian dollars ($3.3 billion) from a revised 4.5 billion Canadian dollars in September, Statistics Canada said. Exports fell 1.7 percent, to 37.3 billion Canadian dollars. Imports increased for the first time since July, advancing 0.4 percent, to 33.5 billion Canadian dollars.
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WASHINGTON -- Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years.