Arab Today, arab today us trade gap widens for fifth straight month in april
Last Updated : GMT 19:51:37
Arab Today, arab today
Arab Today, arab today

US trade gap widens for fifth straight month in April

Arab Today, arab today

Arab Today, arab today US trade gap widens for fifth straight month in April

Port of Los Angeles
Washington - AFP

 A gain in imports against fairly flat exports pushed the US trade deficit higher for the fifth straight month in April, the Commerce Department said Wednesday.
A $1.1 billion increase in consumer goods was the main driver behind the 1.2 percent rise from April in overall imports, to $240.6 billion.
Exports meanwhile fell a slight 0.2 percent to $193.3 billion.
That left the monthly trade deficit at $47.2 billion, up $3.1 billion in the month and up $6.8 billion from April 2013.
For the first four months of the year, the deficit hit $174.1 billion, compared with $161.4 billion a year ago.
The increase in imports with no improvement for exports in April suggested a weak start to economic growth in the second quarter, after the first quarter's 1.0 percent contraction.
But Ian Shepherdson of Pantheon Macroeconomics, in a research note, said the gain in imports is likely unsustainable and the "exports should rally in May/June."

 

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