Investing.com – The U.S. trade deficit widened more-than-expected in January, official data showed on Thursday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD46.3 billion in January, compared to a deficit of USD40.3 billion in December, whose figure was revised down from a deficit of USD40.6 billion.
Analysts had expected the U.S. trade deficit to widen to USD41.5 billion in January.
According to the data, January exports totaled USD167.7 billion, while U.S. imports totaled USD214.1 billion.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.75% to hit 1.3802.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.41%, S&P 500 futures pointed to a decline of 0.53% and Nasdaq 100 futures decreased 0.55%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD46.3 billion in January, compared to a deficit of USD40.3 billion in December, whose figure was revised down from a deficit of USD40.6 billion.
Analysts had expected the U.S. trade deficit to widen to USD41.5 billion in January.
According to the data, January exports totaled USD167.7 billion, while U.S. imports totaled USD214.1 billion.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.75% to hit 1.3802.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures indicated a drop of 0.41%, S&P 500 futures pointed to a decline of 0.53% and Nasdaq 100 futures decreased 0.55%.