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    07.07.2015 13:09 U.S. trade deficit widens to $41.87 billion in May

    The U.S. Commerce Department released the trade data on Tuesday. The U.S. trade deficit widened to $41.87 billion in May from a deficit of $40. 7 billion in April. April's figure was revised up from a deficit of $40.88 billion.

     

     

    Analysts had expected a trade deficit of $42.6 billion.

     

     

    The rise of a deficit was driven by lower exports. Exports fell by 0.8% in May, while imports decreased by 0.1%.

     

     

    A stronger U.S. dollar weighs on exports as it makes U.S. goods and services less affordable abroad. Weak overseas demand also weighed on exports.

     

     

    Exports to France declined 4.2% in May, exports to Germany dropped 6.0%, and exports to Japan fell 3.0%, while exports to Mexico were down 2.1%.

     

     

    Imports from China climbed 9.5% in May.


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