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Jul 7

U.S. International Trade in Goods and Services, May2022

July 7 @ 12:00 am

Exports reflect US competitiveness in world markets, create American jobs, and improve corporate profits. Imports tell how strong demand is in the US Consumers and business tend to import much more when the economy is expanding. A rise in imports subtracts from GDP growth. Changes in currency values can alter the price of imports and exports therefore affecting their demand. A strong dollar worsens the trade balance bedause it lowers the price of imports at the same time it raises the cost of US made goods sold in international markets

Details

Date:
July 7
Time:
12:00 am
Website:
https://www.bea.gov/news/current-releases