The deficit in U.S. trade of goods and services narrowed in June for the bodog online casino first time since February as exports jumped, though shipments remained well below pre-pandemic levels.
Exports increased from the prior month by 9.4%, the most in records back to 1992 to $158.3 billion, according to Commerce Department data released Wednesday. Imports climbed 4.7%, the most since March 2015, to $208.9 billion.
bodog sportsbook review Both increases reflected a pick-up in shipments of autos and parts after factories restarted production.
The overall gap in goods and services trade narrowed to $50.7 billion, compared to the median estimate of $50.2 billion by a Bloomberg survey of economists, from a revised $54.8 billion in May.
The coronavirus pandemic has wreaked havoc on trade bodog online casino globally and in the U.S., the world’s largest economy has pulled back sharply since the outbreak began amid a surge in unemployment and a slowdown in international travel. At the same time, American exporters may stand to benefit from a recent decline in the value of the dollar, which makes U.S. goods more competitive in overseas markets.
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