Latest Bureau of Economic Analysis News & Updates

US Records $2.8 Billion Trade Deficit with India in January

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Washington, March 12 (IANS) The United States recorded a $2.8 billion goods trade deficit with India in January, even as the overall US trade gap narrowed sharply, driven by stronger exports and slightly lower imports, according to data released on Thursday by the US Census Bureau and the Bureau of Economic Analysis (BEA).The overall goods and services trade deficit fell to $54.5 billion in January, down from a revised $72.9 billion in December. The $18.4 billion decline marked a drop of about 2…