U.S. Trade Deficit Unexpectedly Narrows In May

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12:41 GMT

Jul 2009

U.S. Trade Deficit Unexpectedly Narrows In May

(RTTNews) - With the value of exports showing a notable increase and the value of imports edging lower, the Commerce Department released a report on Friday showing that the U.S. trade deficit unexpectedly narrowed in the month of May.

The report showed that the trade deficit narrowed to $26.0 billion in May from a revised $28.8 billion in April. Economists had been expecting the deficit to widen to $30.0 billion from the $29.2 billion originally reported for the previous month.

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