Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#39821
TradersCom
Keymaster

The May trade deficit narrowed to $85.50 bln (Briefing.com consensus -$84.90 bln) from a revised deficit of $86.70 bln (from $87.10 bln) in April.

The key takeaway from the report is that the deficit with China decreased by $2.8 bln to $32.2 bln, though this was largely due to reduced manufacturing activity as China implemented coronavirus lockdowns.

Exports were $255.9 bln, $3.0 bln more than April exports. May imports were $341.4 bln, $1.9 bln more than April imports.
Exports of industrial supplies and materials increased by $3.3 bln.
Exports of foods, feeds, and beverages decreased by $1.6 bln.
Exports of capital goods decreased by $275 mln.
Imports of consumer goods decreased by $1.5 bln.
Imports of industrial supplies and materials increased by $1.8 bln.
Imports of capital goods decreased by $245 mln.
The real goods trade deficit increased to $116.6 bln.