Home » Posts tagged with "economic activity"

US Trade Deficit Dropped in May

The trade deficit in the United States decreased in May from April. This was due to cheaper oil that decreased imports and an increase in exports to China and Europe. Economists warned that the global economy had weakened since May. Economists noted that the decline in the deficit didn’t change the growth estimates for the second quarter. The Commerce Department said that the trade deficit decreased 3.8 percent to $48.7 billion in May. This was down from $50.6 billion in April. Exports went up... 
© 2010-2013 Zolmax.com, LLC.
Subscribe Subscribe