clear
Sunday May 3rd, 2015 4:57AM

US trade deficit grows to $42.2B in Oct.

By Staff
WASHINGTON (AP) -- The U.S. trade deficit increased in October because exports fell by a larger margin than imports, a sign that slower global growth could weigh on the U.S. economy. The trade gap with China also hit an all-time high.

The Commerce Department says the trade deficit grew 4.8 percent in October from September to $42.2 billion.

Exports dropped 3.6 percent to $180.5 billion. Sales of commercial aircraft, autos and farm products all declined.

Imports fell 2.1 percent to $222.8 billion, reflecting fewer shipments of cell phones, autos and machinery.

A wider trade deficit acts as a drag on growth. It typically means the U.S. is earning less on overseas sales of American-produced goods while spending more on foreign products.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Doctors: Blood clot located in Clinton's head
Secretary of State Hillary Rodham Clinton developed a blood clot in her head but did not suffer a stroke or neurological damage, her doctors said Monday. They say they are confident that she will make a full recovery.
3:55PM ( 2 years ago )
Illinois Sen. Kirk to return a year after stroke
Nearly a year after a stroke left him barely able to move the left side of his body, U.S. Sen. Mark Kirk is expected to climb the 45 steps to the Senate's front door this week - a walk that's significant not just for Illinois' junior senator, but also for medical researchers and hundreds of thousands of stroke patients.
3:54PM ( 2 years ago )
U.S. News
Ga. ethics legislation could end free tickets
General Assembly approval next year of a proposed ethics reform measure could endanger an important fall tradition for Georgia lawmakers - free football tickets.
6:26PM ( 2 years ago )
Abortion restrictions, tax changes loom in Ga.
Tax breaks for manufacturers and higher unemployment taxes for employers take effect with the new year in Georgia, but it remains to be seen whether the state's newest abortion restrictions will be enforced.
6:23PM ( 2 years ago )
Business News
Couch names administrative team
Ahead of his scheduled swearing in Friday, Hall County Sheriff-elect Gerald Couch named his top administrative team Monday.
6:28PM ( 2 years ago )
Tech beats Southern California in Sun Bowl
Tevin Washington threw a touchdown pass and ran for another score to help Georgia Tech beat Southern California 21-7 on Monday in the Sun Bowl.
5:54PM ( 2 years ago )
Hall Co. officials launch health-based initiative for employees
Hall County officials believe healthy county employees will be of greater service to the county. With that in mind, they have created a health-based fitness initiative to provide free fitness training for county workers.
5:46PM ( 2 years ago )
Local/State News
Dust Explosion at Pilgrims Pride
A dust explosion caused significant damage at Pilgrim's Pride facility Saturday evening
10:51PM ( 6 hours ago )
Car crashes into Suwanee apartment complex
Residents from five units of a Suwanee apartment complex are being moved temporarily after a car crashed into their building.
9:17PM ( 7 hours ago )
VIDEO: Botanical Garden welcomes first visitors
The new Atlanta Botanical Garden in Gainesville welcomed its first visitors Saturday on 168 acres of land just north of town on U.S. Highway 129.
By Jerry Gunn
2:28PM ( 14 hours ago )
Deal to sign transportation funding bill on Monday
Governor Nathan Deal will sign HB 170, the Transportation Funding Act of 2015, at a ceremony at the State Capitol on Monday.
1:00PM ( 15 hours ago )
AAA monthly fuel report: drivers pay highest gas prices of the year
While prices remain below $3 per gallon across most of the country, American drivers paid the highest gas prices of the year in the month of April.
By AccessWDUN staff
12:00PM ( 16 hours ago )