The trade deficit in March was much worse than expected, which probably caused the economy to contract slightly.
The pace of growth in the U.S. services sector rose to a five-month high in April, lifted by a surge in business activity.
The trade gap surged in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports.
The pace of expansion in the U.S. services sector eased from a seven-month high in April on a dip in new business growth.
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