Net Exports Decline, Trade Deficit Rises: Exports +3.0%, Imports +3.7%

Mike “Mish” Shedlock's Sitka Pacific Capital Management,Llc

Trump will not exactly be pleased as the trade deficit in goods is headed the wrong way for his liking.

Advance International Trade in Goods

The international trade deficit was $74.5 billion in May, up $3.6 billion from $70.9 billion in April.
Exports of goods for May were $140.2 billion, $4.1 billion more than April exports.
Imports of goods for May were $214.7 billion, $7.8 billion more than April imports.

No Tweets yet from Trump.

This is a small negative for US GDP estimates.

Author

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

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