Wednesday, July 11, 2007

U.S. Trade Deficit Probably Grew in May as Oil Imports Swamp Export Gain

(Bloomberg) -- The U.S. trade deficit probably
widened in May as a jump in imported oil costs swamped record
exports, economists said before a report today.

The gap in goods and services trade rose 2.6 percent to $60
billion from $58.5 billion in April, according to the median
forecast in a Bloomberg News survey of 71 economists.


Read more at Bloomberg Currencies News

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