US goods exports rose USD 2B to USD 176.6B in May. Goods imports dropped USD -0.4B to USD 280.9B. Goods trade deficit narrowed from USD -106.7B to USD -104.3B, still above expectation of USD -101.7B. Wholesale inventories rose 2.0% to USD 880.6B. Retail inventories rose 1.1% to USD 705.3B. Full release here.
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