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The deficit of trade in commodities in the US declined by 3.7% in May

28.06.2018 20:00:24

The deficit of trade in commodities in the US declined in May 2018 by 3.7% and amounted to 64 billion 800 million dollars, according to preliminary data from the US government. Economists had expected a much larger deficit - at a level of 69 billion 200 million dollars. Wholesale inventories in May rose by 0.5%, retail inventories - by 0.4%. In May, both exports and imports grew, but exports grew at a faster pace. It is expected that the reduction in trade deficit in May will give impetus to GDP growth in the second quarter.

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