March U.S. trade deficit falls
Wednesday, May 11, 2005 | 9:39 a.m.
WASHINGTON -- The U.S. trade deficit fell sharply in March to the lowest level in six months as U.S. exports climbed to an all-time high and the surge of textile shipments from China slowed.
The Commerce Department reported today that the gap between what the United States imports and what it sells to foreign countries narrowed by 9.2 percent in March to $54.99 billion, down from the record monthly deficit of $60.57 billion set in February.
Even with the big improvement in March, the deficit through the first three months of this year is still running at an annual rate of $696 billion, 12.8 percent higher than the $617.08 billion record set for all of 2004.
The March improvement reflected a 1.5 percent increase in exports of U.S. goods and services, which rose to an all-time high of $102.2 billion, the fourth straight monthly record. The March improvement reflected gains in a wide range of products from commercial aircraft and telecommunications equipment to farm products and art work.
archive
- Most Read
- Discussed
- Most E-mailed
- Live Blog: Pacquiao wins by TKO in round twelve
- Floyd Mayweather Jr. and Manny Pacquiao: The only fight fans want to see
- Bruised and battered, Cotto says he will fight again
- Boulder City struggles with shocking allegations
- Construction goes bust, equipment goes on auction block
- Temperatures plunge in Las Vegas
- Sanford won’t return as UNLV coach in 2010
- Live game blog: Rebels open season with 91-52 victory against Pittsburg State
- Thunderbirds wow crowd at Nellis AFB air show
- Reid under microscope as lawmakers debate abortion
Blogs
Elsewhere
Silva, Belfort targeted for February
Now and Then
Saints finally going somewhere fast
Elsewhere
Pacquiao-Mayweather at Yankee Stadium in May? (2 Comments)
The Coin Bucket
Planet Hollywood offers $60 rooms -- 10 rooms at a time (6 Comments)
Elsewhere
Nogueira injured, Evans v. Silva to headline 108
Politics: The Early Line
Lawmakers on standby to get health care bill
Robin Leach's Las Vegas Celebrity Watch
Is Donny Osmond’s wife jealous? Is Julianne Hough returning?
Calendar »
- 16 Mon
- 17 Tue
- 18 Wed
- 19 Thu
- 20 Fri
-
Lily Tomlin at the Hollywood Theatre
Hollywood Theatre at MGM Grand
-
The Automatic Tour at The Square Apple
The Square Apple
-
Football specials at Diablo's
Diablos Cantina
-
Rhumbar presents Pink Sugar Mondays
The Mirage Hotel and Casino
The Sun
Locally owned and independent for more than 50 years.
Technorati






