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U.S. Imports, Exports Grew in January, Adding to Signs of Solid Global Economy
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WASHINGTON—U.S. trade with the rest of the world grew in January, adding to signs the global economy started the year on a surprisingly strong note.
Imports grew 3.0% to a seasonally adjusted $325.8 billion, reflecting increases in the shipments of automobiles and consumer goods such as cellphones, toys and sporting goods, the Commerce Department said Wednesday. Exports rose 3.4% to $257.5 billion, as the sale of pharmaceutical drugs and other consumer goods increased. Trade data isn’t adjusted for inflation.
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