US trade deficit up to $71.5 billion in May - Breaking The News

US trade deficit up to $71.5 billion in May

3 July

1 min read

EPA-EFE/SARAH YENESEL

The United States trade deficit in goods and services increased by 18.7% in May compared to April, amounting to $71.5 billion, the Bureau of Economic Analysis said on Thursday. The goods deficit grew by $11.2 billion to $97.5 billion and the services deficit added $0.1 billion to reach $26 billion.

Exports fell by 4% on a monthly basis to $279 billion, with goods down by $11.4 billion to $180.2 billion and services by $0.2 billion to $98.8 billion. Imports declined by 0.1% to $350.5 billion, including a $0.2 billion drop in goods imports to $277.7 billion and a service import decrease by $0.1 billion to $72.8 billion.

trade balance data

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