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Posted on 05/11/2011 6:07:07 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) — The U.S. trade deficit widened sharply in March to the highest level in nine months despite a new record high for exports of goods and services, government data showed Wednesday.
The trade deficit — that is, the difference between exports and imports — widened to $48.2 billion for the month from a downwardly revised $45.4 billion in February, originally reported as $45.8 billion.
Imports of goods and services rose by 4.9% to a seasonally adjusted $220.8 billion during March, while exports rose 4.6% to $172.7 billion, the Commerce Department estimated. This was the biggest one-month jump in exports since March 1994.
The 6% increase in the deficit was larger than expected. Analysts surveyed by MarketWatch had expected the deficit to widen to $47.0 billion
(Excerpt) Read more at marketwatch.com ...
The article date is 5.11.11, not 5.11.10.
I'm sorry but this will not be factored into core inflation because people really don't actually use these.
FUBO
“Larger than expected”....my goodness.
Listen.
Hear that?
Perot was right.
How...(wait for it)...UNEXPECTED!
Visualize an ocean of worthless paper dollars flowing offshore and huge piles of crap and oil flowing into our country. We consume/destroy the crap and oil and pay for all of it with worthless paper. We are screwing the world! Go, Consumers! U! Rah! Rah!
Free Republic Runs ONLY On Your Donations.
Make Yours NOW and End the FReepathon!
Didn’t hear a word about this.
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