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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (9139)	7/13/2004 9:12:28 AM
From: mishedlo	Read Replies (1) of 116555

U.S. trade gap narrows in May as exports surge Tuesday, July 13, 2004 12:46:13 PM WASHINGTON (AFX) -- The U.S. trade deficit narrowed by 4.5 percent in May to $46.0 billion, the Commerce Department said Tuesday. This is the first narrowing of the trade deficit in six months. The trade deficit was below the consensus forecast of Wall Street economists of a deficit of $48.1 billion. The trade gap in April was revised down slightly to $48.1 billion from the initial estimate of $48.3 billion. In May, exports rose faster than imports. Exports rose 2.9 percent to a record $97.1 billion. Imports rose a slight 0.4 percent to a record $143.1 billion. The U.S. trade deficit with China widened to $12.1 billion in May compared with $9.9 billion in the same month last year

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