April Trade Deficit Up 6.3% to $57B

Ferris, Craig T.
June 2005
Bond Buyer;6/13/2005, Vol. 352 Issue 32152, p2
Trade Publication
The article informs that the United States' trade deficit rose in April, increasing by 6.3%, or $3.4 billion, to $57.0 billion, according to data released by the Commerce Department on Friday. It was the largest percentage rise since the deficit increased 7.0% between last September and October. Meanwhile, the March trade gap was downwardly revised to $53.6 billion, initially reported as $55.0 billion. A poll of economists had projected a $58.0 billion shortfall. The April goods and services deficit came as exports expanded by 2.9%, or $3.0 billion, to a record $106.4 billion, while imports rose 4.1 %, or $6.5 billion, to a record $163.4 billion.


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