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US: Trade deficit narrows to $48.68 billion in May

By FXstreet.com,  July 11, 2012, 08:39:00 AM EDT

FXstreet.com (Córdoba) - The US trade deficit narrowed 3.8% to $48.68 billion in May, mainly due to lower oil imports and a slight increase in exports, the Commerce Department reported Wednesday. May exports were $183.1 billion and imports were $231.8 billion.

This deficit comes in above the $48.4 billion expected. In April, the trade deficit was upwardly revised to $50.60 billion from $50.06 billion.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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