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International trade in goods and services in May: -$75.1B Compare April consensus of -$76.3B to -$74.5B (revised from -$74.6B).
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Exports in May were US$261.7 billion, US$1.8 billion less than April’s exports. Imports in May were US$336.7 billion, US$1.2 billion less than imports in April.
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May increase The goods and services deficit reflected a $900 million increase in the goods deficit to $100.2 billion and a $300 million increase in the services surplus to $25.1 billion.
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Year-to-date, the goods and services deficit has increased by $14.4 billion, or 4.2%, from the same period in 2023. Imports increased by US$57.2 billion, or 3.6%.
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The U.S. Census Bureau stated
International trade in goods and services in May: -$75.1B Compare April consensus of -$76.3B to -$74.5B (revised from -$74.6B).
Exports in May were US$261.7 billion, US$1.8 billion less than April’s exports. Imports in May were US$336.7 billion, US$1.2 billion less than imports in April.
May increase The goods and services deficit reflected a $900 million increase in the goods deficit to $100.2 billion and a $300 million increase in the services surplus to $25.1 billion.
Year-to-date, the goods and services deficit has increased by $14.4 billion, or 4.2%, from the same period in 2023. Imports increased by US$57.2 billion, or 3.6%.
The U.S. Census Bureau stated
More information about the US market
ADP private payrolls increased by 150,000 in June, lower than expected
Challenger Magazine’s layoffs dropped sharply to 48,786 in June, a 24% decrease from May
June non-farm payrolls data expected to reflect labor market weakness
Job vacancies and labor mobility move beyond consensus
ISM manufacturing PMI fell further into contraction zone in June
