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Trade Gap in U.S. Probably Narrowed as Fuel Costs Declined

From bloomberg.com

The trade deficit in the U.S. probably shrank in November as lower fuel costs curbed imports and exports rebounded, economists said before a report today. The gap narrowed to $41.3 billion from October’s $42.2 billion, according to the median forecast of 68 economists surveyed by Bloomberg. Another report today may show import prices were little changed in December. A decline in the cost of petroleum that is helping to trim the import bill, combined with sustained job gains, is also boosting the buying power of U.S. households. In addition, stabilization in global growth, led by a pickup in China, will probably spur ... (full story)

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