The U.S. trade deficit widened in February to a record high as solid household and business demand kept imports running ahead of shipments to overseas customers.
The gap in trade of both goods and services increased to $71.1 billion in February from a revised $67.8 billion a month earlier, according to Commerce Department data released Wednesday. The median estimate in a Bloomberg survey of economists called for a $70.5 billion shortfall.
A decline in exports exceeded a drop in the value of imports during the month as severe winter weather disrupted two-way trade.
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