Summary Box: Trade deficit narrows in February

AP News
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Posted: Apr 12, 2011 6:25 PM
Summary Box: Trade deficit narrows in February

TRADE DEFICIT: The U.S. trade deficit fell 2.6 percent to $45.8 billion in February, reflecting a big decline in oil imports and widespread declines for various types of manufactured goods from autos to telecommunications equipment.

EXPORTS: U.S. exports, which had set an all-time high in January, were down as well but by a smaller amount than imports.

OUTLOOK: Analysts believe the trade deficit will keep rising in March and April, reflecting increases in oil prices that have already occurred.