zerohedge.com / by Tyler Durden / Jul 6, 2017 8:38 AM
Coming in largely as expected, the U.S. monthly international trade deficit decreased in May 2017 from an unrevised $47.6 billion in April (revised)
to $46.5 billion in May, fractionaly worse than consensus expectations of $46.3 billion, as exports increased and imports decreased. According to the BEA, the goods deficit decreased $0.9 billion in May to $67.5 billion. The services
surplus increased $0.2 billion in May to $21.0 billion. The most notably item about today’s release is that the deficit with both the EU and China, the two largest trading partners, shrank by $2.6BN and $2.0BN respectively.
Exports of goods and services increased $0.9 billion, or 0.4% percent, in May to $192.0 billion. Exports of goods increased $0.2 billion and exports of services increased $0.6 billion.
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