In America, Trade Deficit Decreases to 6.1%

The trade deficit in goods in the United States has declined, with imports falling in May; however, the improvement is likely not sufficient to prevent trade from being a burden on economic growth in the second quarter. The Commerce Department indicated today, Wednesday, that "the goods trade deficit decreased by 6.1 percent to $91.1 billion last month, after rising in April." Trade did not contribute to the annual growth rate of the economy, which stood at 1.3 percent during the first quarter, following contributions to GDP growth for three consecutive quarters.