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    05.08.2015 13:07 U.S. trade deficit widens to $43.84 billion in June

    The U.S. Commerce Department released the trade data on Wednesday. The U.S. trade deficit widened to $43.84 billion in June from a deficit of $40.94 billion in May. May's figure was revised up from a deficit of $41.87 billion.

     

     

    Analysts had expected a trade deficit of $42.8 billion.

     

     

    The rise of a deficit was driven by lower exports. Exports fell by 0.1% in June, while imports increased by 1.2%, driven by Imports of food and automobiles.

     

     

    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 the European Union declined 2.3% in June, exports to Canada were down 0.1%, exports to China jumped by 10.6%, while exports to Mexico were up.

     

     

    Imports from China climbed 4.9% in June.


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