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Goldman raises U.S. second-quarter GDP view after trade data

May 25, 2016 11:33 AM EDT

A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray

NEW YORK (Reuters) - Goldman Sachs economists said on Wednesday they raised their outlook on U.S. economic growth in the second quarter to 3.0 percent from 2.7 percent following a smaller-than-forecast widening in goods trade deficit in April.

The Commerce Department said the U.S. goods trade gap grew to $57.5 billion from $56.9 billion in March. Goldman economists had forecast the deficit of $57.9 billion for April.

(Reporting by Richard Leong)



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