Economics
U.S. Goods-Trade Gap Narrows Slightly From a Record
- Gap shrank to $106.6 billion in February, second-widest ever
- Imports rise least since July on fewer shipments of vehicles
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The U.S. merchandise-trade deficit narrowed slightly in February from a record a month earlier as export growth outpaced that of imports.
The gap decreased to $106.6 billion last month -- the second-widest on record -- from $107.6 billion in January, Commerce Department data showed Monday. The median estimate in a Bloomberg survey of economists called for a $106.5 billion shortfall. The data aren’t adjusted for inflation.