InstaForex - Official partner of Dragon Racing

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InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

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2020.07.0212:46:00UTC+00U.S. Trade Deficit Widens More Than Expected In May

With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May.

The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in April.

Economists had expected the trade deficit to widen to $53.0 billion from the $49.4 billion originally reported for the previous month.

The wider than expected trade deficit came as the value of exports plunged by 4.4 percent to $144.5 billion, while the value of imports slid by 0.9 percent to $199.1 billion.

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