"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Tuesday, April 12, 2011

US International Trade In Goods and Services

Also known as international trade, trade balance, and (for years now) the trade deficit, this is a measure of how much the United States exports, how much it imports, and what the net is.  In January, we had an unexpectedly large trade deficit of $46.3 billion and, for February, the Econoday-surveyed analysts are expecting to see that shrink to a net deficit of only $44 billion.
 
The results for February come to us from a joint release by the US Census Bureau and the US Bureau of Economic Analysis.  The first thing we learn is that the deficit did shrink, but not as much as the analysts were expecting.  From January's $46.3 billion, it has narrowed to only $45.8 billion.  So, yeah.  Take that for what you will.
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