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Economic Report: U.S. trade deficit falls in May, advanced report shows

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The U.S. trade deficit fell slightly in May.

WASHINGTON (MarketWatch) — An early look at U.S. trade patterns in May points to a small decline in the nation’s trade deficit.

The advanced trade gap in goods — services are excluded — fell by 1.8% to $65.9 billion in May, the U.S. Census Bureau said Wednesday.

The government will release overall trade numbers for May next week, but the size of the trade deficit is generally tied to changes in exports and imports of goods. Trade patterns involving services rarely change much from month to month.

A lower deficit gives a boost to gross domestic product, the official scorecard for the U.S.

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