Latest U.S. Bureau of Economic Analysis News & Updates

US Trade Deficit Narrows in April, India Gap Smaller Than Asian Economies

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Washington, June 9 (IANS) The United States trade deficit narrowed slightly in April as exports rose faster than imports, while the country’s trade gap with India remained significantly smaller than those with several major Asian manufacturing economies, according to data released on Tuesday by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The overall U.S. goods and services deficit stood at $55.9 billion in April, down from a revised $56.6 billion in March. Exports increased …