US trade gap widens in April to $40.3 billion

WASHINGTON, June 10 (BestGrowthStock) – The U.S. trade deficit
widened slightly in April, as weaker foreign demand hurt U.S.
exports and oil prices jumped to their highest since October
2008, a U.S. government report showed on Thursday.

The trade gap was $40.3 billion in April, about unchanged
from a revised estimate of $40.0 billion for March.

Wall Street analysts before the report had expected the
trade gap to widen to around $41.0 billion, from the previously
reported March figure of $40.4 billion.

Exports fell 0.7 percent in April to $148.8 billion after a
big jump in March. Exports have risen most months since hitting
a trough of $124.1 billion in April 2009, when world trade was
still reeling from the effects of the global financial crisis.

Imports, which also have risen over the past year as global
trade recovered from the worst downturn in decades, dipped 0.4
percent in April to $189.1 billion.

Stock Report

(Reporting by Doug Palmer; Editing by Chizu Nomiyama)

US trade gap widens in April to $40.3 billion