By Harriet Torry 

WASHINGTON -- The U.S. trade deficit widened in May as both exports and imports declined amid weak global demand caused by continued coronavirus-related disruptions.

The foreign-trade gap in goods and services expanded 9.7% from the prior month to a seasonally adjusted $54.6 billion in May, the Commerce Department said Thursday.

Economists surveyed by The Wall Street Journal had expected a deficit of $53.0 billion.

Imports decreased 0.9% in May to $199.1 billion. Exports, meanwhile, fell 4.4% to $144.5 billion. Exports of goods were the lowest since August 2009, the Commerce Department said.

Write to Harriet Torry at harriet.torry@wsj.com

 

(END) Dow Jones Newswires

July 02, 2020 08:58 ET (12:58 GMT)

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