Topics

Trade Balance
U.S. trade deficit sinks to 4-year low as American exports rise
U.S. trade deficit sinks to 4-year low as American exports rise

WASHINGTON — Rising American exports and surging energy production at home are narrowing the nation's typically large trade deficit, lifting the growth prospects for the economy and the job market. For the second straight month, American exports of goods and services climbed to a record high, reaching $194.9 billion in November from $193.1 billion in the previous month, the Commerce Department said Tuesday. California appeared to get an outsized share of the increases, based on a separate analysis of the Commerce data by Beacon Economics. "After a sputtering start to the year, California's exporters are finishing 2013 with a remarkably strong surge," said Jock...

Loading