US trade deficit narrows to $41.5 billion
WASHINGTON – The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the global economic slowdown. The trade deficit narrowed to $41. 5 billion in September, the Commerce Department said Thursday. That is 5. 1 percent below the August deficit and the smallest imbalance since December 2010. Exports climbed 3. 1 percent to an all-time high of $187 billion, reflecting stronger sales of commercial aircraft, heavy machinery and farm goods. Imports were also up, rising 1. 5 percent to $228. 5 billion, reflecting a jump in shipments of consumer goods from cell phones to clothing and toys. So far this year, the U.S. deficit is running at an annual rate of $554 billion, slightly below last year's $559. 9 billion imbalance, which had been 13. 2 percent higher than 2010.
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deficit trade deficit exports Commerce Department consumer goods China Latin America heavy machinery percentage point European Union commercial aircraft South America United States slowdown sales wider Imports phones totaled toys Brazil cell a single the trade global farm WASHINGTON marketUS trade deficit narrows to $41.5 billion
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The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the global economic slowdown.
Provided Title:
US trade deficit narrows to $41.5 billion
Provided Keywords:
- China
- Commerce Department
- deficit
- economic slowdown
- farm
- record high
- U S
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