The US trade deficit widened in February by less than forecast as both imports and exports increased.
The gap in goods and services trade grew 4.9% from the prior month to $57.3 billion, Commerce Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for an almost $61 billion deficit.
Exports rose 4.2% in February, driven by gold and natural gas shipments. Imports increased 4.3% on more inbound shipments of computers, semiconductors and automobiles. Goods imports rose an almost one-year high.
Charges for the use of imported intellectual property also rose, which ...
