Trade Gap Grew 2.3 Percent in May
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The nationâs trade deficit widened to $60 billion as oil prices jumped and the volume of foreign oil coming into the United States rose.
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Friday&#39;s closely watched report from the Commerce Department says the gross domestic product grew 2.8 percent between April and June.
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The huge US trade deficit narrowed in July as imports fell for the first time in 10 months. At $50.1bn, the gap remained the second largest on record.
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The US trade gap shrank by a sharper than expected 3.7% in September as exports rose to a record high, despite a new record deficit with China.
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The UK trade gap with the rest of the world shrank to Â£3.5bn in May, the Office for National Statistics says.
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The U.S. trade deficit hit an all-time high of &#36;60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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WASHINGTON - The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought...
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The United States trade deficit shrank to $51.6 billion in September, as exports posted their best month on record. In another report, new claims for jobless
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WASHINGTON - The U.S. economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday...
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The dollar climbed slightly on Tuesday  after a report showed the United States attracted more than  enough foreign investment in November to cover the record $60.3  billion trade gap notched up that month.
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WASHINGTON -- The US trade deficit shrank to $51.6 billion in September, an improvement brought about as exports posted their best month on record.
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Retail sales rose more than twice as  much as expected in May, while import prices surged, adding to  recent data suggesting the U.S. economy is recovering strongly  after a slowdown in the first quarter.
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Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.
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The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.
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The US economy grew at a 2.8 percent annual rate from April through June, slower than the government estimated last month, as higher oil prices limited consumer spending and contributed to a record trade deficit.
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Orders to U.S. factories for manufactured goods rebounded in May following a big decline in the previous month as strengthened demand for petroleum and chemicals offset weakness in commercial aircraft and autos.
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October 30, 2004 -- The US economy grew at a slower-than-expected 3.7 percent annual rate in the third quarter as rising oil prices contributed to a record trade deficit and companies added less to inventories.