Trade Deficit Shrank by 6.2% Last Year
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Yet while the numbers reflected strength in exports, they also indicated that American consumers had cut back on their spending as the economy flagged.
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The dollar retreated on Thursday  following a report showing the U.S. trade deficit grew to the  second-highest level on record in August, stoking doubts about  U.S. economic growth.
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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WASHINGTON -- The U.S. trade deficit in November rose to the highest level in 14 months, reflecting record foreign crude oil prices. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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WASHINGTON -- The economy almost stalled in the final quarter of last year with a growth rate of just 0.6 percent, culminating its worst year since 2002.
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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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Britain's trade in goods deficit fell to 4.6 billion pounds (6.58 billion euros, 8.61 billion dollars) in November from a downwardly revised 5.0 billion in October.
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WASHINGTON -- The deficit in the broadest measure of trade set a record for the fifth consecutive year even though the imbalance in the final three months of 2006 shrank, reflecting a lower foreign oil bill.
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The United States has recorded its second biggest trade deficit in history, fuelled by high oil prices and imports from China. The deficit grew six-point-nine percent in August to 54 billion US dollars...several billion more than predicted by analysts.
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The U.S. trade deficit narrowed in December but was still the second-highest monthly figure ever. And that lifted the deficit for 2004 to $617.7 billion -- an all-time high that shattered the previous record, set in 2003, by 24 percent.
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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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The US trade deficit unexpectedly fell in April, helped by the weak dollar, official figures show.
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The U.S. trade gap narrowed slightly  in June as exports boomed, but surging oil prices and rising  imports from China still kept the deficit on track for a record  this year, a U.S. Commerce Department report showed on  Thursday.
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The U.S. current account deficit shrank more than expected in the fourth quarter of 2006 to $195.8 billion, as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.
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The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
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The U.S. trade deficit grew 2.3 percent in May, pushed up by higher oil prices, but the year-to-date gap remains lower than in 2006.