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Barclays sees stronger U.S. Q1 GDP after goods trade data

Reuters - UK Focus

NEW YORK, March 28 (Reuters) - Barclays (LSE: BARC.L - news) 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.

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)