The US trade deficit narrowed for a second consecutive month in May amid weak growth in the world's largest economy and a global slowdown, government data showed Wednesday. The trade gap shrank to $48.7 billion, down from a revised $50.6 billion in April, the Commerce Department said. The May shortfall was slightly better than the $48.9 billion deficit expected by most analysts. Exports rose 0.2 percent, to $183.1 billion. Imports fell 0.7 percent, to $231.8 billion. The politically sensitive gap in goods trade with China, the biggest US creditor, widened in May to $26.0 billion from the April reading of $24.5 billion.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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