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U.S. Trade Gap Falls

U.S. Trade Gap Falls

| Aug 07, 2013 | Housing Market

Spring of 2013 showed positive results for the growth of the economy. According to the Commerce Department, the U.S. trade gap decreased more than 22%, the lowest level seen since October of 2009. American exports jumped 2.2%, averaging a record high of $191.2 billion. Senior economist at BMO Capital Markets, Jennifer Lee said, “We could see a sizable upward revision.” Many economists are now expecting the government to revise the estimated economic growth for April-June due to the large drop in trade deficit. More here

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