Correction: May Trade Deficit Does Not Disappoint!
Posted on July 11th, 2008 by MoverMike
I wrote on July 6th and published it on July 10, that the May Trade Deficit Disappoints! quoting a story from News.com.au. The article dated July 11, 2008 appeared in breaking news and said
A SURGE in imports and skyrocketing oil prices offset the impact of a weak dollar and pushed the US trade deficit in April up to $US60.9 billion ($64.21 billion), new data shows.
Even though it appeared in breaking news and was the correct date, I failed to see that the article was writing about April, not May.
Here’s the REAL story: The trade deficit for May was lower than expected!
The U.S. Commerce Dept reported a seasonally adjusted $59.8 billion deficit, Analysts were looking for a deficit of 62,901 versus May, 2007 -59.435
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