March 28, 2017 / 3:02 PM / 8 months ago

Barclays sees stronger U.S. first-quarter GDP after goods trade data

NEW YORK (Reuters) - Barclays economists on Tuesday raised their view on U.S. economic growth in the first quarter to 1.6 percent from 1.2 percent after government data showed a larger-than-forecast narrowing of the goods trade in February.

A shipping container is shown as it is loaded onto a container ship at the Port of Los Angeles in San Pedro, California August 31, 2010. REUTERS/Fred Prouser

U.S. trade deficit in goods shrank to $64.8 billion in February from $68.8 billion in January. Barclays economists had projected a deficit of $68.0 billion last month.

Reporting by Richard Leong

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