us trade gap shrinks in june for 3rd straight month
Last Updated : GMT 11:03:35
Arab Today, arab today
Arab Today, arab today

US trade gap shrinks in June for 3rd straight month

Arab Today, arab today

Arab Today, arab today US trade gap shrinks in June for 3rd straight month

Washington - AFP

The US trade deficit narrowed in June for the third straight month, with a slight rise in exports adding to a drop in imports to cut the shortfall, the Department of Commerce said Thursday. Analysts called the data on balance positive, but the politically sensitive trade shortfall with China continued to grow, despite efforts by US leaders to bring it under control. The country\'s trade gap for the month was $42.9 billion, the smallest deficit since December 2010, when total trade was 10 percent less. Exports continued their steady climb, rising to $185.0 billion. The three month moving average for exports, at $183.7 billion, was 5.1 percent above the average of a year earlier of $174.7 billion. Imports were $227.9 billion; the three month average of $230.9 billion was up 4.1 percent from a year earlier. The rise in exports came on the back of strengthening shipments of capital goods and industrial supplies. The fall in imports was related to a sharp downturn in industrial supply purchases from abroad. But the sensitive trade relationship with China did not improve in June or in the first six months of the year. Exports to China fell and imports rose from May to June, and the bilateral trade deficit for the January-June period grew 8.7 percent over to the first six months of 2011. Analysts saw a mixed but mostly positive message in the numbers. \"The drop in imports brought a rather negative signal: it was driven by a decline in import of industrial supplies and capital goods suggesting another weakening in internal demand,\" said Clementine Cazalets of Natixis. \"However, the rise in exports for almost all components is an encouraging sign for the world business activity.\" \"Looking forward, we expect the foreign trade to contribute slightly negatively to growth in the coming quarters as the world business activity (mostly due to the recession in Europe) should remain sluggish while the US domestic demand is likely to pick up slightly.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us trade gap shrinks in june for 3rd straight month us trade gap shrinks in june for 3rd straight month

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us trade gap shrinks in june for 3rd straight month us trade gap shrinks in june for 3rd straight month

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday