Goods and services trade deficit widens to $71.2B

• May International Trade in Goods and Services: -$71.2B vs. -$71.2B consensus and -$69.1B prior (revised from -$68.9B).
• May exports were $206.0 billion, $1.3 billion more than April exports. May imports were $277.3 billion, $3.5 billion more than April imports.
• The May increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $89.2 billion and an increase in the services surplus of $0.1 billion to $17.9 billion.