Friday, June 8, 2007

Smaller trade gap signals stronger growth

(Reuters) - The trade gap narrowed 6.2 percent to $58.5 billion from a downwardly revised estimate for March, the Commerce Department reported on Friday, adding to signs that U.S. economic growth could top 3 percent in the second quarter.




"The latest data will lead to further upward revisions given the marked improvement in the real trade numbers," said Alan Ruskin, chief international strategist at RBS Greenwich Capital in Greenwich, Connecticut.


Read more at Reuters.com Business News

No comments: