The Happy Warrior
Joined: 10 Feb 2010
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 Posted: Wed Apr 14, 2010 4:08 am Post subject: US Exports Flat, Trade Deficit up 7% |
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U.S. Trade Deficit Increases by 7%
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The U.S. trade deficit grew by 7%, or $2.8 billion, in February, according to the Bureau of Economic Analysis. The trade deficit, which stood at $39.7 billion for the month, is the measure of how many more goods and services were imported than exported.
If this trend continues -- imports increasing while exports remain flat -- then that could limit the steepness of the economic recovery in the U.S. If more consumer spending is increasingly benefiting firms abroad, growth for U.S. companies will be smaller than it would have been if that additional spending was on domestic goods and services instead. And U.S. firms aren't making up that ground through their exports so far in 2010. |
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