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 Record imports widen US trade deficit

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RR Phantom

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Record imports widen US trade deficit Vide
PostSubject: Record imports widen US trade deficit   Record imports widen US trade deficit Icon_minitimeSun Feb 12, 2012 2:59 am
The US trade deficit widened in December to its biggest gap since June.

Record imports widen US trade deficit 552374150128420481

Figures from the Commerce Department showed that the overall deficit rose by 3.7% to $48.8bn (£31bn), up from a $47.06bn figure for the month earlier.

Imports rose 1.3% to a record $227.56bn, boosted by demand for foreign cars and machinery.

US exports grew slightly, by 0.7%, helped by the weak dollar, with records set for petrol, services and advance technology goods.

The widening of the trade gap was bigger than had been expected.

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