Trade
US Trade Deficit Grows to $68.3 Billion, Widest in Three Months
- Resilient domestic demand helped fuel increase in imports
- Inflation-adjusted exports of consumer goods, cars hit records
Shipping containers at the Port of Long Beach in Long Beach, California.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
The US trade deficit grew to the widest in three months at the start of the year, reflecting a pickup in imports of merchandise.
The trade gap in goods and services increased 1.6% to $68.3 billion in January from a month earlier, Commerce Department data showed Wednesday. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a $68.7 billion gap.