Trade gap widens to $60 bln in May as expected
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The trade deficit widened as expected in May, as higher oil prices helped lift imports to an all-time high, swamping a boost to exports from stronger overseas growth and a weaker dollar, a government report showed on Thursday.
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The US trade deficit widened in the first three months of 2007, official data shows, following higher oil prices.
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The U.S. trade deficit widened unexpectedly in November to a record &#36;60.3 billion, propelled by the highest-ever oil import bill and a drop in exports, a government report showed on Wednesday.
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Britain&#39;s trade in goods deficit with the rest of the world expanded in July to 7.1 billion pounds from 6.5 billion in June, official data showed Tuesday.
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The gap between US exports and imports hits an all-time high of $671.7bn (Â£484bn) last year, official figures show.
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The U.S. current account trade gap  widened slightly to a record $164.71 billion in the third  quarter, data showed on Thursday, but U.S. dependence on  overseas capital was not as great as feared, fueling a big  dollar rally.
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The $60.3 billion deficit for November reflected record levels for imports of everything from oil and consumer goods to farm products, the government reported.
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The U.S. trade deficit soared to a record of $617.7 billion last year as Americans' appetite for all things foreign from crude oil to imported cars hit all-time highs.
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The U.S. trade gap widened in May as  higher oil prices and a rising tide of Chinese goods pushed  imports to a record, overshadowing a strong export performance,  a government report showed on Thursday.
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NEW YORK -- The nation's manufacturing sector extended its growth streak to a fourth consecutive month in May, overcoming worries about inflation, soaring gas prices and the economy's slowing growth, a research group said Friday.
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The U.S. current account deficit   widened more than expected in the second quarter to $218.4   billion, as surging oil prices pushed goods imports higher, the   U.S. Commerce Department said on Monday.
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Chinese industrial production speeds up in May in spite of government measures to control the fast-growing economy.
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Britain&#39;s international trade gap widened in July as it ran up a monthly deficit on its oil balance for the first time in more than a decade,official figures showed Thursday.
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The U.S. trade gap widened less than  expected in May, but the monthly petroleum bill hit a record  high as the imported oil price posted the biggest gain in  nearly 16 years, government data showed on Wednesday.
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The United States trade deficit widened slightly in October as a record price for imported oil outweighed the export-spurring benefits of a weaker dollar.
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The US trade deficit narrowed more than expected in July, but still was the second highest on record at $50.1 billion even though imports dropped for the first time in 10 months and exports leapt higher, the US government said on
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The U.S. trade deficit widened   sharply in July to a record $68 billion, as oil import prices,   and demand for foreign goods and services rose to new highs, a   government report showed on Tuesday.