Showing posts with label international economics. Show all posts
Showing posts with label international economics. Show all posts

Wednesday, August 11, 2010

US Trade Deficit InCreases in June 2010



June exports of $150.5 billion and imports of $200.3 billion resulted in a goods and services deficit of $49.9 billion, up from $42.0 billion in May, revised...

Clearly imports are increasing much faster than exports. On a year-over-year basis, exports are up 17% and imports are up 29%. This is an easy comparison because of the collapse in trade at the end of 2008 and into early 2009.

source