Financial News: U.S. Trade Deficit Widens Slightly More Than Expected

U.S. Trade Deficit Widens Slightly More Than Expected In May

07/03/2025 - 08:44:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Friday showed the U.S. trade deficit widened in the month of May amid a steep drop by the value of exports.

The Commerce Department said the trade deficit climbed to $71.5 billion in May from a revised $60.3 billion in April.

Economists had expected the trade deficit to increase to $71.0 billion from the $61.6 billion originally reported for the previous month.

The wider trade deficit came as the value of exports tumbled by 4.0 percent to $279.0 billion, while the value of imports edged down by 0.1 percent to $350.5 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures (19 min(s), 58 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (01 hr(s), 07 min(s), 02 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (02 hr(s), 0 min(s),02 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (03 hr(s), 01 min(s), 02 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (03 hr(s), 39 min(s), 02 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (04 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (06 hr(s), 0 min(s),02 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (06 hr(s), 57 min(s), 02 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»