Thursday, July 12, 2007

UPDATE 1-US trade gap widens to $60 bln in May as expected

(Reuters) - The May trade gap totaled $60 billion, matching the
mid-point estimate of Wall Street analysts surveyed before the
report. It widened 2.3 percent from a revised deficit of $58.7
billion for April, the U.S. Commerce Department said.




Overall goods and services exports rose 2.2 percent to a
$132.0 billion, led by a $1.9 billion increase in shipments of
civilian aircraft and other capital goods and record exports of
consumer goods and industrial supplies and materials.


Read more at Reuters.com Economic News

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