U.S. Trade Deficit Shrank In January (BA)

U.S. trade deficit shrank in January due to a fall in imports for the first time in five months. The trade deficit shrank 6.6% to $37.3 billion from $39.9 billion, according to U.S. Commerce Department figures.

Exports decreased by $500 million to $142.7 billion due to fewer shipments of aircrafts, and autos. Auto shipments fell by $544 million, while aircraft shipments fell by $474 million. However, sales of American- made planes may have seen a rebound last month.

In January, Boeing Company (NYSE: BA) delivered 23 aircrafts to overseas buyers, down from 38 it delivered in December, 2009.