Business

US trade deficit rises to new high in January

Gap widens $7.7B to $89.7B, official data shows

The US goods and services trade deficit hit a record high in January, rising 9.4% from a month ago, according to the US Commerce Department’s Census Bureau data on Tuesday.

The January figure hit $89.7 billion, growing $7.7 billion from December’s revised figure of $82 billion.

The market forecast in January was for it to come in at $87.1 billion.

“January exports were $224.4 billion, $3.9 billion less than December exports.January imports were $314.1 billion, $3.8 billion more than December imports,” said the Census Bureau.

Source
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