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Manufacturing & The Economy

U.S. Trade Deficit Narrowed in February

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total February exports of $186.0 billion and imports of $228.9 billion resulted in a goods and services deficit of $43.0 billion, down from $44.5 billion in January, revised. February exports were $1.6 billion more than January exports of $184.4 billion. February imports were $0.1 billion more than January imports of $228.9 billion.

In February, the goods deficit decreased $1.5 billion from January to $60.2 billion, and the services surplus was virtually unchanged from January at $17.3 billion. Exports of goods increased $1.3 billion to $132.2 billion, and imports of goods decreased $0.1 billion to $192.4 billion. Exports of services increased $0.2 billion to $53.8 billion, and imports of services increased $0.2 billion to $36.5 billion.

 

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