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USA: Goods trade balance deficit falls to 104.3 billion in May

USA: Goods trade balance deficit falls to 104.3 billion in May
  • Goods trade balance deficit falls 2.2% in May.
  • Wholesale inventories rise 2% in May.
  • Later Tuesday: home price and consumer confidence data.

The United States merchandise trade balance deficit it fell from 106.7 billion in April to 104.3 billion in May, according to preliminary information. The decrease was 2.2%.

The exports of goods reached 176,600 million (2,000 million more than in April). The imports they were 400 million less than April and totaled 280,900 million.

It was also known a increase in wholesale inventories of 2% in May, according to the preliminary report. The data implies a rise below the expected 2.2% and lower than the 2.3% of April (revised from 2.2%). Retail trade inventories excluding autos rose 0.8% after previously increasing 1.7%. The growth in inventories may be a contribution to the second quarter growth numbers.

The dollar was not affected after the publication of the economic reports. More US data will be out on Tuesday including consumer confidence and home prices.

Source: Fx Street