ECONOMIC DATA ABROAD

ECONOMIC DATA ABROAD

CHINA'S US TRADE GAP

REACHES $510 MILLIONChina's trade deficit with the United States hit $510 million in the first quarter of 1990, China's state-run news agency Xinhua said, quoting Customs Statistics released in Beijing.

The total import and export trade volume between China and the United States was valued at $2.27 billion for January-March, a 6.1 percent increase over the same period last year.

OECD JOBLESS RATE

SLIPS TO 5.9 PERCENT IN MARCH

PARIS - The average unemployment rate for industrial states of the Organization for Economic Cooperation and Development eased to 5.9 percent in March, from 6.0 percent in February, the OECD said.

This brought the rate to 6.0 percent for the first quarter of 1990, slightly down from 6.1 percent for the third and fourth quarters of 1989.

ITALY REPORTS RISE

IN PAYMENTS SURPLUS

ROME - Italy's balance of payments was in surplus by $1.83 billion in April, compared with $1.80 billion in April 1989, the Bank of Italy said.

This brought the surplus to $6.7 billion for the first four months of 1990, compared with a $7.5 billion surplus for the same period in 1989, the bank said.

FRENCH JOBLESS RATE

FELL TO 9.3 PERCENT IN APRIL

PARIS - The number of unemployed people in France dropped 22,900 to

2.48 million in April from March, according to seasonally adjusted figures released by the Labor Ministry.

The unemployment rate fell to 9.3 percent from 9.4 percent in March.

ECONOMIC GROWTH

CONTINUES IN JAPAN

TOKYO - Japan entered its 42nd straight month of economic expansion in May, matching its second-longest period of an economic boom between June 1958 and

December 1961, the Economic Planning Agency said.

In a monthly report based on a recent set of economic indicators, the agency said sustained and brisk domestic demand - the major driving force behind the second-longest period of economic growth - will likely continue through at least the second half of the current fiscal year ending March 31, 1991.

The record for the longest period of economic growth was the 57 months between October 1965 and July 1970.