Tags: Trade Deficit

Trade Deficit Shrinks for Fourth Straight Month

Friday, 09 Dec 2011 08:51 AM

WASHINGTON (AP) — The U.S. trade deficit narrowed in October to its lowest point of the year as Americans bought fewer foreign cars and imported less oil. Exports of American-made autos also fell.

The Commerce Department says the trade deficit shrank 1.6 percent to $43.5 billion. That's down from September's revised figure of $44.2 billion.

Exports slipped 0.8 percent to $179.2 billion, the first drop after three months of gains. Shipments of industrial supplies such as natural gas, copper and chemicals fell. Exports of autos and agricultural goods also dropped.

Imports fell 1 percent to $222.6 billion, reflecting a 5 percent decline in oil imports. The average price of imported oil fell for the fifth straight month to $98.84, the lowest since March.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Economy
WASHINGTON (AP) — The U.S. trade deficit narrowed in October to its lowest point of the year as Americans bought fewer foreign cars and imported less oil. Exports of American-made autos also fell.The Commerce Department says the trade deficit shrank 1.6 percent to $43.5...
Trade Deficit
122
2011-51-09
Friday, 09 Dec 2011 08:51 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved