US trade gap widens in March to $40.4 billion

WASHINGTON, May 12 (BestGrowthStock) – The U.S. trade deficit
widened in March to its highest level in more than a year, as
both imports and exports rose by more than 3 percent in a sign
of improved U.S. and foreign demand, the government said on
Wednesday.

The trade gap increased 2.5 percent to $40.4 billion, the
highest since December 2008, up slightly from a revised
estimate of $39.4 billion for February. Wall Street analysts
surveyed before the report had expected a smaller increase to
$40.1 billion.

Stock Market News
(Reporting by Doug Palmer; editing by Jeffrey Benkoe)

US trade gap widens in March to $40.4 billion