SUBSCRIBERS
US trade deficit widens in May on higher oil prices
Published Wed, Jul 6, 2016 · 09:50 PM
Washington
THE US trade deficit widened more than expected in May as rising oil prices helped to push up the import bill while exports were constrained by the lingering effects of a strong US dollar.
The Commerce Department said on Wednesday that the trade gap increased 10.1 per cent to US$41.1 billion. April's trade deficit was unrevised at US$37.4 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms