According to new data from the Bureau of Economic Analysis ( BEA ), the U.S. international trade deficit grew at a faster-than-expected rate and reached its highest level in ten months.
In February, the trade imbalance increased to$ 68.9 billion from an upwardly revised$ 67.6 billion in January. Since April 2023, this was the biggest gap.
Export climbed 2.3 percentage to an all- occasion great of$ 263 billion, driven by supplies of human aircraft, crude crude, and beans. Export of passenger vehicles dipped.
Exports even surged 2.2 cent to a 14- quarter higher of$ 331.9 billion. Buying of cars, household products, mobile phones, and medical preparations primarily fueled the rise in exports….
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