The trade outlook in the U.S. has improved slightly overall this year. One big factor behind the smaller gap: Stronger growth in Asia and Europe is pushing up demand for American-made goods and services, causing a recent surge in exports. Exports climbed 0.2% in February from January and have risen 7.2% this year compared with the same period a year ago. Exports of goods hit the highest level on record in February, after adjusting for inflation.
[alert type=”success”]Other reports suggest U.S. factories are registering a pickup in business. [/alert]