Feb. Trade Balance at -$35.4B; Est. at -$41.2B

Feb Trade balance -$35.4 billion versus the consensus of -$41.2 billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $35.4 billion in February, down $7.2 billion from $42.7 billion in January, revised. February exports were $186.2 billion, $3.0 billion less than January exports. February imports were $221.7 billion, $10.2 billion less than January imports.

The February decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.4 billion to $55.2 billion and a decrease in the services surplus of $0.1 billion to $19.7 billion.

Year-to-date, the goods and services deficit decreased $2.6 billion, or 3.2 percent, from the same period in 2014. Exports decreased $5.3 billion or 1.4 percent. Imports decreased $7.9 billion or 1.7 percent.

Goods and Services Three-Month Moving Averages

The average goods and services deficit decreased $1.4 billion to $41.2 billion for the three months ending in February.
* Average exports of goods and services decreased $3.5 billion to $190.2 billion in February.
* Average imports of goods and services decreased $4.9 billion to $231.4 billion in February.

Year-over-year, the average goods and services deficit increased $1.9 billion from the three months ending in February 2014.
* Average exports of goods and services decreased $1.0 billion from February 2014.
* Average imports of goods and services increased $0.8 billion from February 2014.

You May Also Be Interested In

• Fed Holds Rates at 3.50% to 3.75%
• GDP Annualized QoQ (2Q A) 1.5% vs 2% Expected
• US Banks Said To Be Asked By NY Fed To Check EUR/JPY Rate - Bloomberg