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 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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Trade data shows that rising prices for imported oil widened the US trade deficit in October.
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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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British manufacturing output has dropped 0.4 percent in October from the previous month.
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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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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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America's trade deficit swelled to an all-time high of &#36;55.5 billion in October as imports &#151; including those from China &#151; surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.
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a deficit of $54 billion -- represented a 6.9 percent widening from July&#39;s trade gap of $50.5 billion. The bad news on trade is likely
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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 narrowed to a four-month low in July helped by car and food sales, official data shows.
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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.
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The US trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
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China's industrial output growth in October slowed to 15.7 percent year-on-year after a 16.1 percent gain in September, suggesting government lending curbs are cooling the economy.
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WASHINGTON -- The trade deficit dropped sharply in April even though the politically sensitive imbalance with China increased to the highest level in three months. Strong overseas demand pushed American exports to an all-time high.
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Orders for long-lasting US-made goods unexpectedly slipped 0.4 percent in October, hinting at manufacturing softness, but new claims for jobless aid shrank last week, government reports showed on Wednesday.
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The US trade deficit narrowed as exports reached a record in April, according to fresh government figures that bode well for the American economy.