off-the-wire

U.S. goods trade deficit widens moderately in January

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, Feb 28 (Reuters) - The U.S. trade deficit in goods increased moderately in January, with both imports and exports rising solidly, government data showed on Tuesday.


The goods trade deficit widened 2.0% to $91.5 billion, the Commerce Department said on Tuesday. Goods imports increased $8.8 billion to $265.3 billion. Exports of goods shot up $7.0 billion to $173.8 billion.


A smaller trade deficit was one of the contributors to the economy's 2.7% annualized growth pace in the fourth quarter. (Reporting By Lucia Mutikani; Editing by Andrew Heavens)

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