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Total
June exports of $191.2 billion (an all-time high in nominal-dollar terms) and imports of $225.4 billion
resulted in a goods and services deficit of $34.2 billion. June’s deficit was
down 22.5 percent from May’s $44.1 billion and the lowest since October 2009. June
exports were $4.1 billion more than May exports of $187.1 billion. June imports
were $5.8 billion less than May imports of $231.2 billion.
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On
a global scale, data compiled by the Netherlands
Bureau for Economic Policy Analysis showed that
world trade volume decreased by 0.3 percent in May while prices fell by 1.3
percent.
The foregoing comments represent the
general economic views and analysis of Delphi Advisors,
and are provided solely for the purpose of information, instruction and
discourse. They do not constitute a solicitation or recommendation regarding
any investment.
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