The U.S. trade deficit narrows in June as imports decline for the first time since the start of the year, according to Commerce Department data cited by multiple outlets. The overall gap in goods and services trade falls 5.6% from May to $73.3 billion. Both sides of trade weaken during the month: imports decrease 1.8%, while exports decline 0.9%, reflecting a broad pullback rather than a change driven solely by one category. The data also show June represents a retreat from a comparatively active period in May, when both imports and exports were higher. Together, the reports describe June’s deficit improvement as driven primarily by the first drop in imports in the year-to-date trend, alongside smaller declines in exports. The coverage is consistent on the direction of the change—an improved deficit figure in June—and on the magnitude of the deficit narrowing to $73.3 billion.
U.S. Trade Deficit Narrows in June as Imports Fall
The U.S. trade deficit narrows in June as imports decline for the first time since the start of the year, according to Commerce Department data cited by multiple outlets. The overall gap in goods and...
- The U.S. trade deficit declines in June to $73.3 billion.
- The deficit narrows by 5.6% from May.
- Imports fall 1.8% in June.
- Exports fall 0.9% in June.
- Imports decline for the first time since the start of the year.
Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.
3 hours agoThe US trade deficit narrowed in June as imports fell for the first time since the start of the year. The gap in goods and services trade shrank 5.6% from the prior month to $73.3 billion, while the value of imports declined 1.8% while exports fell 0.9%. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
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