Official figures show that the US trade deficit declined in May to $59.8 billion as exports gained.
The Commerce Department reported that the deficit in goods and services fell from a revised $60.5 billion in April. This was narrower than economists had expected.
Exports increased to $157.5 billion in May from $156.2 billion in April. Imports increased by a smaller amount to $217.3 billion. The politically sensitive deficit with China increased to $21 billion from $20.2 billion.
