U.S. Trade Deficit Dips to $59.8 Billion

July 11, 2008
Exports increased to $157.5 billion

As exports gained, the U.S. trade deficit declined in May to $59.8 billion, the Commerce Department reported July 11.

The deficit in goods and services fell from a revised $60.5 billion in April, and was narrower that the $62.2 billion expected by analysts.

Exports increased to $157.5 billion in May from $156.2 billion in April. Imports increased a smaller amount to $217.3 billion from $216.7 billion.

The deficit with China increased to $21 billion from $20.2 billion.

Copyright Agence France-Presse, 2008

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2017. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!