TV3 - Home - Headlines

US Trade Deficit Narrows to $41.5 Billion

Print
By: Associated Press
Posted: Thu 10:42 AM, Nov 08, 2012

WASHINGTON (AP) -- 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 Commerce Department says the trade deficit narrowed to $41.5 billion in September. 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.

The U.S. deficit with China increased to $29.1 billion in September and is running 6.8 percent ahead of last year's record pace.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
Live Stream
E News
Traffic
Twitter
Facebook
Mobile
User Photos

TV3 Special Sections

Making Mom's Life Easier.
Community Generated Images and Video
In Your Community
Winchester, Frederick, Clarke
Call us, We care.
633 Millwood Ave. Winchester, VA 22601 Main Phone Line – (540) 504-0883 Press 1 for the News Department
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 177872231