trade deficit

Economic Report: Trade Balance

By |2009-03-13T10:59:15-04:00March 13th, 2009|Markets|

For the month of January, import consumption and export demand continued its slide, as weak worldwide economic growth wrecked havoc on international trade. According to the monthly trade balance report released today by the Commerce Department, exports fell 5.7% in January, to a seasonally-adjusted $124.9 billion. That’s at the lowest levels since 2006. Imports fell 6.7%, with consumption of foreign [...]