The US Trade Deficit widest since 2008

Written February 10, 2012 at 8:35 AM EST by  
  • The US trade gap widened to the highest level since 2008.
  • Import were at the highest levels since July 2008 (+1.7% MoM) on Capital Good Demand (highest on record)
  • Export increased 0.7%
  • Price adjusted deficit used for GDP widened to 47.7 billion form 47

When the deficit widens it is a subtraction from GDP.

  • China deficit -23.135 vs -26.872
  • Japan -6.541B vs -6.207B
  • EU deficit -9.630B vs -9.728B
  • Canada -3.877B vs -3.025B
  • Mexico -4.946 vs -5.514B
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