Goods and Services Deficit Drops in May - Modern Distribution Management

The deficit was $85.5 billion in May, down $1.1 billion from $86.7 billion in April, the Census Bureau and Bureau of Economic Analysis said.

The goods and services deficit was $85.5 billion in May, down $1.1 billion from $86.7 billion in April (revised), the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced July 8.

May exports were $255.9 billion, $3 billion more than April exports. May imports were $341.4 billion, $1.9 billion more than April imports, according to the federal data.

The May decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.9 billion to $105 billion and a decrease in the services surplus of $1.7 billion to $19.4 billion.

Year-to-date, the goods and services deficit increased $126.5 billion, or 38.4 percent, from the same period in 2021. Exports increased $197.1 billion or 19.4 percent. Imports increased $323.6 billion or 24.0 percent, according to the data.

Exports were $224.4 billion, $3.9 billion less than December exports. Imports were $314.1 billion, $3.8…
The deficit was $80.7 billion in December, up $1.4 billion from a revised $79.3 billion…
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion,…