trade gap

The upward move reflected resilient consumer spending, a narrower trade gap driven by reduced imports, and a modest rebound in manufacturing and home construction.

And by making imports more expensive, the devaluation should not only help cut the trade gap but also slow the amount of money leaving Argentina.

A trade gap may be felt next year, though, if weather hits Brazilian crops and the Kremlin intervenes further in Russian exports.

Data for May was revised to show the trade gap narrowing to $68.3 billion instead of $69.0 billion as previously reported.

Data for March was revised to show the trade gap narrowing to $60.6 billion instead of $64.2 billion as previously reported.