Investing.com – The U.S. trade deficit widened more-than-expected in May, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD50.2 billion in May, compared to a deficit of USD43.6 billion in April, whose figure was revised from a deficit of USD43.7 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion in May.
U.S. exports in May totaled USD174.9 billion, while U.S. imports totaled USD225.1 billion.
May exports were USD1.0 billion less than April exports of USD175.8 billion. May imports were USD5.6 billion more than April imports of USD219.4 billion.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.18% to trade at 1.4006.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.25%, S&P 500 futures shed 0.4%, while the Nasdaq 100 futures slumped 0.35%.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD50.2 billion in May, compared to a deficit of USD43.6 billion in April, whose figure was revised from a deficit of USD43.7 billion.
Analysts had expected the U.S. trade deficit to widen to USD44.0 billion in May.
U.S. exports in May totaled USD174.9 billion, while U.S. imports totaled USD225.1 billion.
May exports were USD1.0 billion less than April exports of USD175.8 billion. May imports were USD5.6 billion more than April imports of USD219.4 billion.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD shedding 0.18% to trade at 1.4006.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow Jones Industrial Average futures pointed to a loss of 0.25%, S&P 500 futures shed 0.4%, while the Nasdaq 100 futures slumped 0.35%.