Trade Deficit Narrows as Imports Decline Sharply

The gap between imports and exports in the United States fell to its lowest levels in nearly a decade in February, the government reported on Thursday.

Demand for foreign-made goods dropped sharply while American exports rebounded slightly, reversing six months of declines.

The Commerce Department reported that the trade deficit fell to $26 billion from a revised $36 billion in January, and that the overall volume of trade between the United States and the rest of the world fell for another month as the global downturn continued to spread.

Read Full Article from New York Times

- Posted: 2009-04-09 08:30:51

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