About: http://data.cimple.eu/news-article/6a40d17835725386c0c9253c16ae4e24e7017951b4a297c8bcc85cf4

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About: http://data.cimple.eu/news-article/6a40d17835725386c0c9253c16ae4e24e7017951b4a297c8bcc85cf4 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The US trade gap increased slightly in January as imports grew at a faster pace than exports and economic activity continued to pick up after the pandemic shutdowns, according to government data released Friday. Imports of cars and consumer goods lead the way, including a $5 billion jump in pharmaceutical preparations compared to December, the Commerce Department reported. American exports of goods and services increased to $192 billion while imports jumped $260 billion, increasing the trade deficit to $68.2 billion, which was more than economists had been expecting. The deficit with China in goods alone narrowed slightly to $27.2 billion, while the gap with Mexico expanded to $11.9 billion, the data showed. The dominant US services sector has yet to recover its strong pre-pandemic export position, and although the surplus expanded slightly, James Watson of Oxford Economics said that was "due to the weakness in imports, which remain near eight-year lows." "Fiscally-stimulated US demand may propel total import volumes to recovery this quarter, but still-struggling global demand and travel restrictions will keep export volumes much further behind," he said in an analysis. hs/cs
schema:headline	US trade deficit widens in January as imports accelerate
schema:mentions	Balance of trade Pharmaceutical industry University of Oxford Mexico Pandemic United States China James Watson Balance of payments United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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