U.S. Trade Deficit Widens to $105.8 Billion as Imports Rise and Exports Fall
The U.S. goods trade deficit widened to $105.8 billion in May, significantly surpassing the $85 billion expected by economists and reaching the highest level in over a year. The advance trade report shows the imbalance deteriorated sharply from $83 billion in April as imports jumped 3.6% month over month while exports fell 5.4%, underscoring a pronounced deceleration in external demand.
Inventory data provided further context on the shift in trade flows. Wholesale inventories rose 0.3%, missing the 0.4% forecast, while retail inventories increased 0.6%, slightly above the 0.5% expectation. The combination of rising import volumes and contracting exports drove the widening gap, signaling a notable slowdown in the trade balance ahead of second-quarter economic assessments.
From the sources (14 posts)
@financialjuiceUS ADVANCE GOODS TRADE BALANCE ACTUAL -105.8B (FORECAST -85B, PREVIOUS -83.01B) $MACRO
@financialjuiceUS WHOLESALE INVENTORIES MOM ADVANCE ACTUAL 0.3% (FORECAST 0.4%, PREVIOUS 0.6%) $MACRO
@financialjuiceUS RETAIL INVENTORIES EX-AUTO ADV. ACTUAL 0.4% (FORECAST -, PREVIOUS 0.6%) $MACRO
@firstsquawkUS RETAIL INVENTORIES INCREASED BY 0.6% MONTHLY; EXPECTATION WAS +0.5%.
@firstsquawkUS PRELIMINARY MAY WHOLESALE INVENTORIES INCREASED BY 0.3%, BELOW THE ESTIMATED 0.4%.
@firstsquawkUS GOODS TRADE DEFICIT REACHED $105.8 BILLION IN MAY, COMPARED TO ESTIMATED DEFICIT OF $85.0 BILLION.
@firstsquawkUS EXPORTS OF GOODS DROPPED 5.4% MONTH-OVER-MONTH IN MAY.
@firstsquawkUS IMPORTS OF GOODS IN MAY INCREASE BY 3.6% MONTH-OVER-MONTH.
@financialjuiceUS Advance Goods Trade Balance May Report
@deitaoneU.S. TRADE DEFICIT WIDENS SHARPLY The U.S. goods trade deficit widened to $105.8B in May, far worse than the $85B expected. Imports jumped 3.6% while exports fell 5.4%. Wholesale inventories rose 0.3%, below forecasts, while retail inven
@kevrgordonThe U.S. goods trade deficit widened sharply in May to $105.8 billion … a new post-Liberation Day high
@businessThe US merchandise-trade deficit widened in May to the biggest in more than a year as exports fell and imports rose.
@lizannsondersMay U.S. goods trade deficit widened to -$105.8B vs. -$83.0B prior … exports of goods -5.4% vs. +3.8% prior ... imports of goods +3.6% vs. +2.0%
@hedgeye🇺🇸 U.S. goods trade deficit widens to $105.8 billion in May (Est. $85B, Prev. $83B)