The Dollar and International Trade
The U.S. goods deficit increased $0.3 billion in May, reaching $37.2 billion, while the services surplus decreased $0.3 billion to $6.1 billion. Goods exports decreased more than goods imports, with capital goods accounting for most of the decline. The decrease in the services surplus resulted mainly from declines in travel and other transportation.
Suggested citation: "The Dollar and International Trade," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-08, pp. 19, 08.01.2000.