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US Trade Deficit Widens to Largest in Six Months on More Imports

From bnnbloomberg.ca

The US trade deficit widened in April to the largest in six months as imports picked up and exports declined. The shortfall in goods and services trade grew by $14 billion, or 23% from a month earlier, to $74.6 billion, Commerce Department data showed Wednesday. The figures aren’t adjusted for inflation. The median estimate in a Bloomberg survey of economists called for a widening to $75.8 billion. The value of goods and services imports rose 1.5% to $323.6 billion, while exports fell 3.6% to $249 billion. Imports of autos and parts, industrial supplies, mobile phones and other household goods increased. Outbound ... (full story)

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  • Category: Fundamental Analysis