Trade Deficit Expands to $53.1 Billion

 Updated:
8/11/2011 9:30:00 AM

The U.S. trade deficit rose 4.4% in June to $53.1 billion as exports fell by the most in two-and-a-half years, the Commerce Department said Thursday.

The gap rose from a revised $50.8 billion in May, which was slightly higher than originally reported.

The increase topped economists’ forecasts, Bloomberg reported.

Exports fell 2.3% to %1709.9 million, the biggest decline since January 2009. U.S. shipments of computer and capital goods fell, Bloomberg said.

Imports slipped 0.8% to $223.9 billion, Bloomberg reported. Imports from Japan jumped 14% to $9.5 billion following that country’s March earthquake and tsunami that had lowered April and May levels.

Automobile shipments from Japan rose to $2.7 billion, from $2 billion, though ongoing parts disruptions were still depressing sales, Bloomberg said.




© 2011, Transport Topics Publishing Group. All rights reserved.

RELATED ARTICLES

LATEST NEWS

Click Here!

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.