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WASHINGTON (AP) - The deficit in the broadest measure of trade increased in the first three months of this year, pushed higher by rising oil prices.
The Commerce Department reported Friday that the imbalance in the current account increased 2.5 percent to $192.6 billion in the January-to-March period, compared to $187.9 billion in the fourth quarter. The increase was slightly below what analysts had been expecting.
The current account is the most complete measure of trade because it tracks not only trade in goods and services but also investment flows between countries.
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