Gap ups to $44.4bn as monthly exports fall
US trade deficit widened across January after plunge
Analyst estimates had predicted a $43.0bn increase this month
Washington - Arabstoday
Analyst estimates had predicted a $43.0bn increase this month
The US trade deficit grew sharply in January after a plunge in December, government data released on Thursday showed.
The Commerce Department reported the
trade gap rose to $44.4bn, up from a revised $38.1bn in December.Exports fell by $2.2bn to $184.5bn, led by declines in exports industrial supplies and materials as the United States beefed up its imports of those goods.
Total imports rose about $4.1bn to $228.9bn.
The increase in the trade shortfall came in larger than the average analyst estimate of $43.0bn.
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