Wednesday, May 9, 2007

U.S. March Trade Gap Probably Grew to $60 billion on Higher Energy Prices

(Bloomberg) -- The U.S. trade deficit widened in March for the first time in three months as the cost of imported crude oil rose, economists said before a government report today.

The gap between imports and exports grew to $60 billion from $58.4 billion in February, according to the median forecast in a Bloomberg News survey of 78 economists. A separate report today may show higher fuel costs lifted import prices in April.


Read more at Bloomberg Currencies News

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