Trade Deficit in U.S. Widened in May by Most Since August 2015
Is Brexit Impacting U.S. and U.K. Trade?
This article is for subscribers only.
The U.S. trade deficit widened in May by the most in nearly a year as exports fell and a pickup in domestic demand led to more imports of consumer goods and industrial materials.
The gap grew by 10.1 percent, the most since August 2015, to $41.1 billion from the prior month, Commerce Department figures showed Wednesday. The median forecast in a Bloomberg survey of economists called for a $40 billion shortfall.