US goods trade deficit narrows in February
Tweet
Share
E-mail
FILE PHOTO: A cargo ship full of shipping containers is seen at the port of Oakland as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025. REUTERS/Carlos Barria/File Photo
WASHINGTON (Reuters) - The U.S. trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for a sharp slowdown in economic growth in the first quarter.
The goods trade deficit contracted 4.9% to $147.9 billion last month, the Commerce Department's Census Bureau said on Thursday.
A sharp widening in the goods trade deficit in January as businesses front-loaded imports to get ahead of tariffs had prompted economists to slash their first-quarter gross domestic product estimates to below a 1.5% annualized rate. The economy grew at a 2.4% pace in the fourth quarter.
Goods exports increased $7 billion to $178.6 billion last month, while imports fell $0.6 billion to $326.5 billion.
(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley more than doubles Lenovo price target on AI-driven growth
- Hungary parliament set to oust president in Magyar's power shake-up
- China's GDP growth set to slow, raising expectations for more stimulus
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
