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Market Update : 
Trade Deficit Widens in February
Author: 123jump.com Staff
123jump.com
Last Update: 8:58 AM EDT April 10 2008


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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $151.4 billion and imports of $213.7 billion resulted in a goods and services deficit of $62.3 billion, up from $59.0 billion in January, revised. February exports were $3.0 billion more than January exports of $148.4 billion.

 
Goods carry-over in February was $0.4 billion (0.4 percent) for exports and $1.7 billion (1.0 percent) for imports. For January, revised export carry-over was $0.1 billion (0.1 percent), revised down from $0.2 billion (0.2 percent). For January, revised import carry-over was $0.3 billion (0.2 percent), revised down from $0.8 billion (0.5 percent).

Services exports for January were virtually unrevised at $43.6 billion. Downward revisions in travel and passenger fares were partly offset by an upward revision in other transportation. Services imports for January were virtually unrevised at $33.2 billion.


Available at:

http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
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