Wednesday, March 09, 2011
A welcome trade bounce
Posted by David Smith at 02:00 PM
Category: Thoughts and responses

Maybe it was too early to write off the export-led growth story. January's overall trade deficit narrowed to 3 billion, from 5.5 billion (revised up from an initial 4.8 billion) in snow-distorted December. All of this - and slightly more - came from a narrowing of the deficit on goods from 9.7 billion to 7.1 billion.

Underlying export volumes rose by 6.1% in January, while imports rose by 1.9%. Compared with a year earlier, export volumes were up by 13.9%, while imports were up by 9.7%. Moving in the right direction. More here.