US Goods-Trade Deficit Grows Slightly to Widest Since October
- Shortfall increased 0.6% to $91.6 billion in February
- Wider gap showed larger drop in value of exports than imports
Trucks transport cargo containers at the Port of Baltimore in Baltimore, Maryland.
Photographer: Brendan Smialowski/AFP/Getty ImagesThis article is for subscribers only.
The US merchandise-trade deficit widened slightly in February for a third month as a decline in the value of exports exceeded a drop in imports.
The trade gap in goods grew 0.6% to $91.6 billion, the widest since October, Commerce Department data showed Tuesday. The figure, which isn’t adjusted for inflation, compared with a median estimate in a Bloomberg survey of economists for a $90 billion deficit.