| Friday, 9 May 2008 |
| March trade deficit drops by bigger-than-expected amount |
| From Daily Herald news services |
| |
|
URGENT
March trade deficit drops by bigger-than-expected amount
Eds: APNewsNow. Will be led. Moving on general news and financial services.
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -- The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
The Commerce Department reported Friday that the deficit totaled $58.2 billion, down 5.6 percent
from February.
The bigger-than-expected improvement reflected spreading weakness in the U.S. economy, which cut demand for imports by 2.9 percent, the largest one-month decline since December 2001, one month after the last recession ended.
|
|
|
