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Total
February exports of $190.4 billion and imports of $232.7 billion resulted in a goods
and services deficit of $42.3 billion, up from $39.3 billion in January.
February exports were $2.0 billion less than January exports of $192.5 billion.
February imports were $1.0 billion more than January imports of $231.7 billion.
In
February, the goods deficit increased $2.2 billion from January to $61.7
billion, and the services surplus decreased $0.8 billion from January to $19.4
billion. Exports of goods decreased $2.0 billion to $131.7 billion, and imports
of goods increased $0.2 billion to $193.4 billion. Exports of services were
virtually unchanged at $58.7 billion, and imports of services increased $0.8
billion to $39.3 billion.
The
goods and services deficit decreased $1.0 billion from February 2013 to
February 2014. Exports were up $3.6 billion, or 1.9 percent, and imports were
up $2.6 billion, or 1.1 percent.
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On
a global scale, data compiled by the Netherlands
Bureau for Economic Policy Analysis showed that
world trade volume increased by 0.6 percent in January while prices fell by 1.2
percent.
The foregoing comments represent the
general economic views and analysis of Delphi
Advisors, and are provided solely for the purpose of information, instruction
and discourse. They do not constitute a solicitation or recommendation
regarding any investment.
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