Goods & Sevices Deficit Rose by $4.3 Billion in May
Washington, DC, July 3, 2019--The goods and services deficit was $55.5 billion in May, up $4.3 billion from $51.2 billion in April, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
May exports were $210.6 billion, $4.2 billion more than April exports. May imports were $266.2 billion, $8.5 billion more than April imports.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $4.4 billion to $76.1 billion and an increase in the services surplus of $0.1 billion to $20.6 billion.
Year-to-date, the goods and services deficit increased $15.7 billion, or 6.4%, from the same period in 2018. Exports increased $5.1 billion or 0.5%. Imports increased $20.8 billion or 1.6%.