The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised. May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports. The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion. Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 ... (full story)

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. (full story)