U.S. Trade Deficit Widens To $-49.9 Billion In June

August 11th, 2010 by Belisarius

U.S. trade balance for June was reported at $-49.9 billion vs. consensus of $-42.5 billion and May reading of $-42.3 billion.

Q2 GDP growth will be revised sharply downwards.

Chart 1. U.S. Trade Balance

Source: U.S. Census Bureau

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