US trade balance for the month of May $-54.6 billion vs. $-53.2 billion estimate

US trade balance for May 2020

• prior month
• trade balance $-54.6 billion
• the prior month deficit was revised to $-49.8 billion from $49.4 billion previously reported
• the goods deficit increased $4.2 billion to $-76.1 billion
• the service surplus decreased $0.6 billion in May to +$21.5 billion
• May exports came in at $144.5 billion which is a $6.6 billion less than the April exports
• May imports were $199.1 billion which was $1.8 billion less than the April imports
• you to date the goods and services deficit decreased $22.3 billion or 9.1% from the same period in 2019. Exports decreased $148.3 billion or -14%. Imports decreased $170.6 billion or -13.1%