U.S. Trade Deficit Grows in February

AutoInformed.comThe Nation’s international trade deficit in goods and services increased to $47.1 billion in February from $45.9 billion in January as imports increased more than exports, says the U.S. Census Bureau. Exports increased to $178.1 billion in February from $176.3 billion in January. Goods were $118.6 billion in February, up from $116.8 billion in January. Services were $59.5 billion in February, down less than $0.1 billion from January.

However, imports increased to $225.1 billion in February from $222.2 billion in January. Goods were $183.3 billion in February, up from $180.6 billion in January. Services were $41.8 billion in February, up from $41.5 billion in January. For goods, the deficit was $64.7 billion in February, up from $63.9 billion in January. For services, the surplus was $17.7 billion in February, down from $18.0 billion in January.

About Ken Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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