U.S. exports slip 0.5% in May

Wednesday, July 13, 2011

The U.S. Commerce Department on Tuesday reported the country's exports of goods and services in May decreased 0.5 percent from April to $174.9 billion. U.S. imports of goods and services increased 2.6 percent over this period to $225.1 billion, causing the U.S. trade deficit to increase 15.1 percent since April to reach $50.2 billion in May. 'While exports dipped slightly in May, exports have been growing at a strong pace overall in the first five months of 20...

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