The trade deficit of the United States widened to a six-month high. An increase in imports has imports exceeded the modest pickup in shipments overseas. Bloomberg,
The gap increased 2.6 percent to $47.1 billion from a revised $45.9 billion in January, the Commerce Department reported Tuesday. The median forecast in a Bloomberg survey called for a $46.2 billion February shortfall…
Estimates in the Bloomberg survey for the deficit ranged from $48.3 billion to $41.6 billion after a previously reported $45.7 billion January shortfall.
After eliminating the effects of price fluctuations, which generates the numbers used to calculate GDP, the trade deficit grew to $63.3 billion in February, the largest in nearly a year, from $61.8 billion a month earlier.
