U.S. trade gap shrinks

verfasst von YIHI, 19.07.2001, 15:03

U.S. trade gap shrinks

Trade deficit shows unexpectedly large drop in May; could boost 2Q GDP

July 19, 2001: 8:43 a.m. ET


NEW YORK (CNNfn) - The U.S. trade deficit fell in May, the government said Thursday, coming in below forecasts by Wall Street economists and showing signs of possible strength in the sluggish U.S. economy.

The nation's trade deficit shrank to $28.34 billion in May from a revised $31.99 billion in April, the Commerce Department said. Economists polled by Briefing.com had expected a much larger deficit of $32.0 billion.

A falling deficit resulting from higher exports could boost the government's estimate of U.S. gross domestic product (GDP), the broadest measure of the nation's economy, for the second quarter.


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• U.S. trade gap shrinks - YIHI, 19.07.2001, 15:03