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    06.07.2016 12:36 Growing US trade balance deficit

    06.07.2016 12:36

    Growing US trade balance deficit

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, announced that the goods and services deficit was $41.1 billion in May, up $3.8

    billion from $37.4 billion in April, revised. May exports were $182.4 billion, $0.3 billion ess than April exports. May imports were $223.5 billion, $3.4 billion more than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $3.7 billion to $62.2 billion and a decrease in the services surplus of $0.1 billion to $21.1 billion.


    Year-to-date, the goods and services deficit decreased $7.2 billion, or 3.5 percent, from the same period in 2015. Exports decreased $47.2 billion or 4.9 percent. Imports decreased $54.3 billion or 4.7 percent.


    The average goods and services deficit decreased $1.0 billion to $38.0 billion for the three months ending in May.

    * Average exports of goods and services increased $0.1 billion to $181.7 billion in May.

    * Average imports of goods and services decreased $0.9 billion to $219.8 billion in May.


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