US Trade Deficit Sets Record For 12th Consecutive Month
The U.S. trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a U.S. government report showed on Thursday.
The monthly deficit widened 5.7 percent to $62.3 billion, from an upwardly revised estimate of $59.0 billion for January. Wall Street analysts had expected the gap to narrow to $57.5 billion.