US goods exports down -7.5% yoy in May, imports down -8.8% yoy

<p>US goods exports dropped -7.5% yoy to USD 162.84B in May. Goods imports dropped -8.8% yoy to USD 253.98B. Goods trade deficit came in at USD -91.1B, versus expectation of USD -92.3B. Wholesale inventories fell -0.1% mom to USD 912.9B. Retail inventories rose 0.8% mom to USD 787.7B. Full US trade balance release here.</p>
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