U.S. Trade Deficit Unexpectedly Increased in May

Hugh Collins

Updated July 13, 2010 at 12:49 PM

The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April.

Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.

The average trade deficit for the three months ending in May was $40.9 billion.