Wednesday, May 12, 2010

Trade Deficit Widens 2.5%; Strong Increases in Both Exports and Imports

In March, the trade deficit widened by 2.5% to a monthly pace of $40.4 billion. Though the pace has been choppy in recent months, the trade deficit has been trending upwards for most of the past year. Exports rose 3.2% over the month while imports grew 3.1%. Because imports were starting from a larger base than exports, the smaller percentage increases still resulted in a higher trade deficit. Trade in general has been recovering strongly over the past year. March’s increase was particularly strong. This is indicative of continuing economic recovery.

10.05.12 (Source: Census Bureau)

No comments:

Post a Comment

Please read our comment policy before making a comment.