The imbalance fell to $81.1 billion in the October-December quarter, down from $96.4 billion in the July-September quarter, the Commerce Department said on Wednesday. That is the smallest gap since the third quarter of 1999.
The
current account is the country’s broadest measure of trade, covering
not only goods and services, but also investment flows. A smaller trade
deficit usually means that American companies are producing more to meet
domestic and overseas demand.
current account is the country’s broadest measure of trade, covering
not only goods and services, but also investment flows. A smaller trade
deficit usually means that American companies are producing more to meet
domestic and overseas demand.
Goods exports rose 1.9 percent to $405.4 billion, driven by higher overseas sales of petroleum and agricultural products.
U.S. Quarterly Trade Deficit Was the Smallest in 14 Years - NYTimes.com
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