With exports rising and imports falling, the Commerce Department released a report on Thursday showing that the U.S. trade deficit narrowed in the month of May.
The report said the trade deficit narrowed to $46.5 billion in May from $47.6 billion in April. Economists had expected the deficit to narrow to $46.2 billion.
The Commerce Department said the value of exports rose by 0.4 percent to $192.0 billion in May from $191.2 billion in April.
Exports of consumer goods and automotive vehicles and parts showed notable increases, more than offsetting a drop in exports of foods, feeds and beverages.
On the other hand, the report said the value of imports edged down by 0.1 percent to $238.5 billion in May from $238.8 billion in April.
Decreases in imports of cell phones and other household goods and passenger cars were partly offset by an increase in imports of capital goods.
The Commerce Department also said the goods deficit narrowed to $67.5 billion in May from $68.4 billion in April, while the services surplus widened to $21.0 billion from $20.8 billion.
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Forex News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.