With imports jumping and exports slumping, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened by more than anticipated in the month of December.The Commerce Department said the trade deficit widened to $59.8 billion in December from a revised $50.3 billion in November. Economists had expected the deficit to widen to $57.9 billion from the $49.3 billion or...
For comments and feedback contact: editorial@rttnews.com
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.