Financial Insights That Matter
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)
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.