US trade gap shrinks to four-year low
14-03-2009
Figures just released show the US trade deficit shrank more than expected in January, hitting a four-year low, as the global economic crisis continued to dampen trade volumes. The US Commerce Department said the trade gap narrowed for the sixth consecutive month to a seasonally adjusted 36 billion US dollars, down 9.7 percent from December. That was the narrowest monthly trade gap since October 2002 and below analysts' forecasts of 37.5 billion dollars.
