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US Trade Balance deficit widened in May

Tuesday, Jul 07 2015
US goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised, but below forecasts on deficit of $42.9 billion. May exports were $188.6 billion, $1.5 billion less than April exports. May imports were $230.5 billion, $0.3 billion less than April imports.
 
The May increase in the goods and services deficit reflected a increase in the goods deficit of $1.2 billion to $61.5 billion and an increase in the services surplus of less than $0.1 billion to $19.6 billion. Year-to-date, the goods and services deficit increased $1.1 billion, or 0.5 percent, from the same period in 2014. Exports decreased $26.5 billion or 2.7 percent. Imports decreased $25.4 billion or 2.2 percent.
 
Data did not have any major impact on the matkets with USD still broadly higher against its major rivals. Euro is currently being traded few points above 1.0920 level, Sterling is around 1.5430 area, while Aussie is slightly below 0.7430 area. Later today, JOLTS Job Openings figures are scheduled for a release, but also Eurogroup meeting and EU Summit addressing Greek issue will be held.
More in this category: « UK Industrial Production rose, but manufacturing sector still weak Eurogroup waiting for new Greek ESM request »

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