U.S. Trade Deficit Shrinks Unexpectedly

Jan. 13, 2005
By John S. McClenahen One month's numbers do not make for a trend, particularly this year when the U.S. international trade deficit in goods and services could top $400 billion. However, March's deficit shrunk to $31.6 billion from a revised $31.8 ...
ByJohn S. McClenahen One month's numbers do not make for a trend, particularly this year when the U.S. international trade deficit in goods and services could top $400 billion. However, March's deficit shrunk to $31.6 billion from a revised $31.8 billion in February, says the U.S. Commerce Department. Economists generally had expected the March goods and services deficit to widen to $32.1 billion. Exports totaling $79.2 billion in March were $500 million more than February's $78.7 billion; March imports of $110.8 billion were $300 million more than February's $110.5 billion. Although U.S. exports of capital goods, autos and auto parts increased, March's overall goods deficit rose by $200 million to $37.1 billion. Meanwhile, paced by travel, passenger fares and other transportation items, the U.S. services surplus increased by $300 million in March.

Popular Sponsored Recommendations

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!