A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened by more than anticipated in the month of May, as the value of imports jumped by much more than the value of exports.The Commerce Department said the trade deficit widened to $55.5 billion in May from a revised $51.2 billion in April.Economists had expected the trade deficit to widen to $54.0 billion fro...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.