The trade deficit ballooned in April to the widest in two years as Americans bought record amounts of consumer goods, business equipment and automobiles from abroad.
The biggest gain in U.S. exports in nine months helped narrow the trade deficit in March, pointing to a revival of global demand that will help the world’s largest economy strengthen.
Treasuries advanced for the first time in five days as a private report showed U.S. companies added fewer jobs than forecast in May and the trade deficit in April ballooned to the widest in two years.
South Africa’s trade deficit widened in April as a wage strike in the nation’s mining industry limited exports and vehicle shipments dropped.
Britain’s trade deficit narrowed in February as a drop in imports, driven by aircraft, outpaced a decline in exports.