{"id":11054,"date":"2010-07-13T11:38:42","date_gmt":"2010-07-13T15:38:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11054"},"modified":"2010-07-13T11:38:42","modified_gmt":"2010-07-13T15:38:42","slug":"forex-econ-update-us-trade-deficit-increases-4-8-in-may","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/13\/forex-econ-update-us-trade-deficit-increases-4-8-in-may\/","title":{"rendered":"Forex Econ Update: US Trade Deficit increases 4.8% in May"},"content":{"rendered":"

By CountingPips.com
\n<\/strong>
\nThe United States trade deficit increased to its highest level in over a year as demand for imports rose in May, according to a release by the Commerce Department today. The U.S. trade deficit rose by 4.8 percent as the deficit registered $42.3 billion in May following a revised deficit of $40.3 billion in April. This brings the trade deficit to its highest level since November of 2008.<\/p>\n

Market forecasts were expecting the deficit to edge lower to approximately $39.2 billion for the month.<\/p>\n

The U.S. had a total of $152.3 billion worth of exports in May which was an increase of $3.5 billion over April\u2019s total of $148.7 billion. May imports rose by $5.5 billion to a total of $194.5 billion from $189.0 billion in April.<\/p>\n

Contributing to the higher trade deficit was an increase in the imports of goods by $4.9 billion for the month. The U.S. had a trade deficit in goods by $1.9 billion in May while a U.S. surplus in services stood almost unchanged at $12.2 billion.<\/p>\n

The U.S. politically sensitive trade deficit with China increased to $22.3 billion from a deficit of $19.3 billion in April while other notable U.S. trade deficits were with the European Union at a $6.2 billion, Japan at $3.6 billion, Mexico at $6.2 billion, OPEC at $7.8 billion and Germany at $2.9 billion.<\/p>\n

U.S. trade surpluses with other countries included Australia at $1.1 billion, Hong Kong at $1.6 billion, Singapore at $0.9 billion and Egypt at $0.3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United States trade deficit increased to its highest level in over a year as demand for imports rose in May, according to a release by the Commerce Department today…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11054","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11054"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}