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7/11/2012 10:00:00 AM Write a Letter to the Editor Write a letter to the Editor

U.S. Trade Deficit Shrinks in May


Larry Smith/Trans Pixs
The U.S. trade deficit shrank 3.8% in May as imports fell to the lowest level in three months, the Commerce Department said Wednesday.

The gap between imports and exports fell to $48.7 billion, from a revised $50.6 billion in April that was higher than originally reported.

Economists had projected a $48.6 billion trade gap, Bloomberg reported.

Imports decreased 0.7% to $231.8 billion, while exports increased 0.2% to $183.1 billion.

By Transport Topics

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