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Trade Gap in U.S. Probably Shrank on Cheaper Imported Oil

From bloomberg.com

The trade deficit in the U.S. probably narrowed in November as fuel imports dropped and exports rebounded, economists said before a report this week. The gap shrank to $41.2 billion from October’s $42.2 billion, according to the median forecast of 51 economists surveyed by Bloomberg before Jan. 11 figures from the Commerce Department. Another report the same day may show import prices were little changed in December. Sustained job gains and the drop in oil prices that is helping to reduce the import bill are boosting the buying power of U.S. households, giving the world’s largest economy a lift. In addition, ... (full story)

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