“The international trade deficit was $64.8 billion in May, down $2.5 billion from $67.3 billion in April,” the U.S Census Bureau announced on Wednesday.
Key takeaways from the official press release
- Exports of goods for May were $143.6 billion, $2.9 billion more than April exports.
- Imports of goods for May were $208.4 billion, $0.4 billion more than April imports.
- Wholesale inventories for May, were estimated at an end-of-month level of $633.2 billion, up 0.5 percent from April 2018, and were up 5.9 percent from May 2017.
- Retail inventories for May, were estimated at an end-of-month level of $635.5 billion, up 0.4 percent from April 2018, and were up 2.3 percent from May 2017.
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