FOREX TradingCharts.com

Financial News: U.S. Trade Deficit Narrows Less Than Expected In

U.S. Trade Deficit Narrows Less Than Expected In June

08/02/2019 - 09:31:00 (RTTNews)

(RTTNews) - With the value of U.S. imports and exports showing similar declines, the Commerce Department released a report on Friday showing the U.S. trade deficit was little changed in the month of June.

The Commerce Department said the trade deficit narrowed slightly to $55.2 billion in June from a revised $55.3 billion in May.

Economists had expected the deficit to narrow to $54.6 billion from the $55.5 billion originally reported for the previous month.

The report said the value of imports slumped by $4.6 billion or 1.7 percent to $261.5 billion, while the value of exports tumbled by $4.4 billion or 2.1 percent to $206.3 billion.

Imports of industrial supplies and materials, such as crude oil and other petroleum products, showed a steep drop along with imports of cell phones and other household goods.

The Commerce Department said exports of consumer goods, such as gem diamonds and drugs, and capital goods also showed notable decreases.

The report also said the goods deficit narrowed to $75.1 billion in June from $75.9 billion in May, while the services surplus also fell to $20.0 billion from $20.6 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bundesbank: German Economic Activity Could Decline Slightly In Q3 (07 hr(s), 23 min(s), 44 sec(s) ago)
(RTTNews) - The German economy could shrink further in the third quarter as the slowdown in the in ...Full Story»

BoE Chief Urges EU Lawmakers To Address Delay In Amending OTC Contract Rules (09 hr(s), 40 min(s), 44 sec(s) ago)
(RTTNews) - Germany and France have not amended their rules related to over-the-counter derivative ...Full Story»

UK Households' Financial Well Being Falls (09 hr(s), 54 min(s), 44 sec(s) ago)
(RTTNews) - UK households' assessment of their financial well-being fell in August, survey da ...Full Story»

Hong Kong Jobless Rate Rises In July (09 hr(s), 56 min(s), 44 sec(s) ago)
(RTTNews) - Hong Kong's jobless rate rose marginally during the May to July period, data from ...Full Story»

Eurozone Inflation Lowest Since Late 2016 (11 hr(s), 48 min(s), 44 sec(s) ago)
(RTTNews) - Eurozone inflation eased more than initially estimated in July to the lowest since lat ...Full Story»

Eurozone Current Account Surplus Decreases In June (12 hr(s), 0 min(s),44 sec(s) ago)
(RTTNews) - Eurozone's current account surplus decreased in June to its lowest level in nearly ...Full Story»

Austria Inflation Slows In July (13 hr(s), 53 min(s), 44 sec(s) ago)
(RTTNews) - Austria's consumer price inflation slowed in July, figures from Statistics Austria ...Full Story»

Turkey Retail Sales Decline Slows In June (13 hr(s), 55 min(s), 44 sec(s) ago)
(RTTNews) - Turkey's retail sales declined in June, but at a slower pace, data from the Turkis ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bundesbank: German Economic Activity Could Decline Slightly In Q3

08/19/2019 - 10:08 AM (RTTNews)
(RTTNews) - The German economy could shrink further in the third quarter as the slowdown in the in ...Full Story>>

BoE Chief Urges EU Lawmakers To Address Delay In Amending OTC Contract Rules

08/19/2019 - 07:51 AM (RTTNews)
(RTTNews) - Germany and France have not amended their rules related to over-the-counter derivative ...Full Story>>

UK Households' Financial Well Being Falls

08/19/2019 - 07:37 AM (RTTNews)
(RTTNews) - UK households' assessment of their financial well-being fell in August, survey da ...Full Story>>

Hong Kong Jobless Rate Rises In July

08/19/2019 - 07:35 AM (RTTNews)
(RTTNews) - Hong Kong's jobless rate rose marginally during the May to July period, data from ...Full Story>>

Eurozone Inflation Lowest Since Late 2016

08/19/2019 - 05:43 AM (RTTNews)
(RTTNews) - Eurozone inflation eased more than initially estimated in July to the lowest since lat ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.