US trade deficit widens further
The US trade deficit has hit a new monthly high of $68.5bn (£39.3bn), with imports of oil and cars continuing to grow significantly.
January's deficit was 5% higher than a month earlier and exceeded the previous record of $67.8bn seen last October.
The figures make gloomy reading for the Bush administration after the deficit hit an annual high of $723.6bn in 2005.
The value of imports rose 3.5% to $182.9bn, eclipsing a 2.5% rise in US exports to $114.4bn.
Costly oil >>>cont
Link Here
January's deficit was 5% higher than a month earlier and exceeded the previous record of $67.8bn seen last October.
The figures make gloomy reading for the Bush administration after the deficit hit an annual high of $723.6bn in 2005.
The value of imports rose 3.5% to $182.9bn, eclipsing a 2.5% rise in US exports to $114.4bn.
Costly oil >>>cont
Link Here
posted by Kangaroo Brisbane Australia at 11:47 PM
0 Comments:
Post a Comment
<< Home