U.S. Trade Balance For May; Positive Sign for Economy
The U.S. trade balance was released Thursday morning with positive results. The trade balance was -44.40 billion for the month of May, beating consensus expectations of -45.20 billion.
Exports increased to $195.5 billion from April's $193.5 billion, a positive sign for the U.S. economy. Goods came out to $136.7 billion for the month, up from $135.0 billion in April; services were $58.8 billion, up from $58.5 billion in April.
More positive details in the release with Imports decreasing to $239.8 billion, from $240.5 billion in April; goods were $200.0 billion in May, down from $200.7 billion in April; services were $39.9 billion in May, up from the previous $39.8 billion.
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