United States import, export values up in May

  • 15-Jun-2020
  • United States import, export values up in May

On Friday June 12 the United States Department of Labor recorded that United States import and export values both increased in May.

The value index for United States imports increased 1 percent in May, the main one-month proceed since the index increased 1 percent in February 2019, and import prices cut down on a 12-month basis, moribund 6 percent from May 2019 to May 2020.

Import costs from China were unaffected in May subsequent to a 0.1 percent proceed in April, the value index for imports from China refused 1 percent from May 2019 to May 2020, the minimum 12 month plunge since the index cut down 1 percent for the year finished March 2019.

Prices for United States exports in the meantime increased 0.5 percent in May, after dropping 3.3 percent in April, 1.4 percent in March, and 1.2 percent in February, United States export prices cut down 6 percent from May 2019 to May 2020.

Source:- Menafn.com

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