US Trade Deficit Widens in May on Weak Exports

TRADE BALANCE - WASHINGTON. The U.S. trade deficit widened for a second straight month in May amid a decline in exports, indicating that trade likely remained a drag on economic growth in the second quarter.

The trade deficit increased 0.8% to $75.1 billion, the Commerce Department's Bureau of Economic Analysis said on Wednesday. Data for April was revised slightly to show the trade gap rising to $74.5 billion instead of $74.6 billion as previously reported.