WASHINGTON (AP) -- The U.S. trade deficit fell in February to the lowest point in four months because American exports rose to an all-time high while imports dropped.
The Commerce Department says the trade deficit decreased 12.4 percent to $46 billion in February, down from $52.5 billion in January. A narrower deficit could lead economists to upward revise their growth estimates for the first quarter.
Exports edged up 0.1 percent to a record $181.2 billion. Sales increasing to Europe, China and other parts of the world.
Imports dropped 2.7 percent to $227.2 billion, after hitting a record high in January. Imports of foreign oil, cars and machinery all declined.
Economists are still concerned that Europe's debt troubles and slower growth in China could dampen U.S. exports and drag on U.S. growth this year.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.