Economic Report: U.S. trade deficit shrinks again in February to lowest level in eight months

Bloomberg News/Landov
The U.S. trade deficit fell again in February to the lowest level in eight months.

The numbers: The nation’s trade deficit fell 3.4% in February to the lowest level in eight months, buoyed by higher exports of autos and airplanes and a smaller gap with China and Europe. Yet, it is unclear if the recent trend of a shrinking trade gap is sustainable.

The deficit receded to $49.4 billion from a revised $51.1 billion in January, the government said Wednesday. Economists polled by MarketWatch had forecast a $53.4 billion gap.

The trade deficit was 7.6% smaller in the first two months of the year, compared with the same period in 2018, but it is still running close to record high despite a big push by the Trump White House to lower it.

>>> Original Source <<<