Sign Up to Our Newsletter

Be the first to know the latest updates

Monday, 28 July 2025
Investing

U.S. Trade Deficit Widens In May As Exports Slump

,

The Department of Commerce said that the trade deficit rose to $ 71.5 billion in May from $ 60.3 billion in April.

Economists expected an increase in trade deficit from $ 61.6 billion originally reported for the previous month.

The comprehensive trade deficit came as a price of exports more than 4.0 percent to $ 279.0 billion in May after increasing from 3.4 percent to $ 290.6 billion in April.

The report showed a decline in the export of capital goods with a decline in industrial supply and exports of materials, while the export of consumer goods increased.

Meanwhile, the Department of Commerce said that the price of imports fell from 16.4 percent to $ 350.8 billion in April to $ 350.5 billion in May.

A significant reduction in import of consumer goods was largely offset by jumping into imports of automotive vehicles, parts and engines.

Leading American economist in Oxford Economics, Bernard Yaros said, “Import is meaningful below compared to Q1, a major GDP contribution to business of over 3ppts means a major GDP contribution.”

He said, “The real health of the economy would be better than consumer and commercial expenditure figures, which are showing symptoms of weakness.”

The report also stated that the shortage of goods rose from $ 86.3 billion to $ 97.5 billion in April in April, while the service surplus declined from $ 26.0 billion in May to $ 26.1 billion to $ 26.0 billion in April.

The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.

Source link

Anuragbagde69@gmail.com

About Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay updated with the latest trending news, insights, and top stories. Get the breaking news and in-depth coverage from around the world!

Get Latest Updates and big deals

    Our expertise, as well as our passion for web design, sets us apart from other agencies.