U.S. International Trade in Goods and Services
The May 2011 international trade deficit increased 15.1% to $50.2 billion. Exports fell 0.5% to $174.9 billion, while imports rose 2.6% to $225.1 billion.
The May 2011 international trade deficit increased 15.1% to $50.2 billion. Exports fell 0.5% to $174.9 billion, while imports rose 2.6% to $225.1 billion.
Personal income in May 2011 rose 0.3%. Nominal personal consumption expenditures (PCE) were virtually unchanged and real PCE declined 0.1%. Nominal disposable personal income (DPI) increased 0.2% and real DPI rose 0.1%. The personal saving rate as a percentage of DPI was 5.0% in May.
Real gross domestic product (GDP) grew at an annual rate of 1.9% in the first quarter of 2011, according to today’s third estimate. This follows a growth rate of 3.1% in the fourth quarter of 2010.
The U.S. current-account deficit increased to $119.3 billion, or 3.2% of GDP in the first quarter of 2011, up from $112.2 billion in the fourth quarter of 2010, or 3.0% of GDP.
The April 2011 international trade deficit fell 6.7%, to $43.7 billion. Exports rose 1.3%, to $175.6 billion, while imports decreased 0.4%, to $219.2 billion.