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US Trade Deficit Narrows in May, Exports Hit Record High

Kamis, 07 Juli 2022 | 20:37 WIB
US Trade Deficit Narrows in May, Exports Hit Record High

ILUSTRASI. The US trade deficit narrowed in May as slowing domestic demand amid rising interest rates curbed imports. REUTERS/Lucy Nicholson

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - WASHINGTON. The US trade deficit narrowed in May as slowing domestic demand amid rising interest rates curbed imports, which could see trade contributing to economic growth in the second quarter after being a drag for nearly two years.

The Commerce Department said on Thursday that the trade deficit declined 1,3% to US$ 85,5 billion. Imports of goods and services rose 0,6%, which was offset by a 1,2% increase in exports to a record high.


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