US trade deficit slipping to 19-month low



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According to data from the US Department of Commerce, the foreign trade deficit was $ 43.1 billion in May. April data was revised from $ 46.2 billion to $ 46.1 billion.

We were expecting $ 43.6 billion. The trade deficit with China rose from $ 30.8 billion to $ 32 billion.

Exports rose 1.9% to $ 215.3 billion. Imports rose 0.4% to $ 258.4 billion.

It is stated that the on-site improvement is positive for the second quarter growth.

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