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US international trade deficit for May $-75.1 billion versus -$76.2 billion estimate

Prior month $-74.6BUS international trade $-75.1B vs $-76.2 billion estimate.Goods trade balance $–99.37B vs $-100.68 prior monthservices trade surplus $25.1 billionexport $261.7 billion or -0.7%imports $336.7 billion or -0.3%

the US trade data is in reality a trade deficit each and every month. The deficits have been rising of the late (see chart below) but is still lower (lower deficit) from May 2022 levels.

This article was written by Greg Michalowski at www.forexlive.com.

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