May 9, 2008


U.S. trade deficit narrows unexpectedly (Reuters, May 9, 2008)

The trade gap shrank to $58.2 billion in March, down 5.7 percent from a revised estimate of $61.7 billion in February. [...]

A $6.1 billion drop in the value of imports to $206.7 billion was the biggest on record. It was also the biggest percentage drop since December 2001, only months after the attacks on the United States and when the U.S. economy was in a downturn.

Posted by Orrin Judd at May 9, 2008 11:27 AM
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