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Goods trade deficit narrows, consumer confidence soars

Consumers also expect more and better paying jobs in the months ahead
Wednesday, March 29, 2017 - 05:50

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The Commerce Department says inventories at retailers in February increased 0.4 per cent to US$616.1 billion, and stocks at wholesalers rose 0.4 per cent to US$594.1 billion.

Washington

THE US goods trade deficit narrowed sharply in February, and inventories increased, which could prompt economists to raise their estimates for first-quarter gross domestic product (GDP).

The Commerce Department said in its advance economic indicators report on Tuesday

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