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FOR IMMEDIATE RELEASE: Thursday, June 27, 2024

Advance Economic Indicators Report - May 2024

CB24-106



Advance International Trade in Goods
The international trade deficit was $100.6 billion in May, up $2.7 billion from $98.0 billion in April. Exports of goods for May were $166.7 billion, $4.6 billion less than April exports. Imports of goods for May were $267.3 billion, $2.0 billion less than April imports.


Advance Wholesale Inventories
Wholesale inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $901.6 billion, up 0.6 percent (±0.2 percent) from April 2024, and were down 0.5 percent (±0.7 percent)* from May 2023. The March 2024 to April 2024 percentage change was revised from up 0.1 percent (±0.4 percent)* to up 0.2 percent (±0.4 percent)*.

Advance Retail Inventories
Retail inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $796.8 billion, up 0.7 percent (±0.2 percent) from April 2024, and were up 5.0 percent (±0.7 percent) from May 2023. The March 2024 to April 2024 percentage change was unrevised from the preliminary estimate of up 0.7 percent (±0.2 percent).

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