U.S. Trade Deficit Unexpectedly Increased in May
by
Jul 13th 2010 8:38AM
Updated Jul 13th 2010 12:49PM
The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April.
Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.
The average trade deficit for the three months ending in May was $40.9 billion.
Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.
The average trade deficit for the three months ending in May was $40.9 billion.
