US Trade Balance for May, Positive Sign for Economy

The US 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 Aprils $193.5 billion, a real positive sign for the US economy. Goods came out to $136.7 billion for the month, up from $135.0 billion in April, and 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.