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FOR IMMEDIATE RELEASE: Thursday, June 26, 2025

Advance Economic Indicators Report - May 2025

CB25-101



Advance International Trade in Goods
The international trade deficit was $96.6 billion in May, up $9.6 billion from $87.0 billion in April. Exports of goods for May were $179.2 billion, $9.7 billion less than April exports. Imports of goods for May were $275.8 billion, $0.1 billion less than April imports.


Advance Wholesale Inventories
Wholesale inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $905.4 billion, down 0.3 percent (±0.2 percent) from April 2025, and were up 1.4 percent (±0.5 percent) from May 2024. The March 2025 to April 2025 percentage change was revised from the preliminary estimate of up 0.2 percent (±0.4 percent)* to up 0.1 percent (±0.4 percent)*.

Advance Retail Inventories
Retail inventories for May, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $806.6 billion, up 0.3 percent (±0.2 percent) from April 2025, and were up 3.2 percent (±0.7 percent) from May 2024. The March 2025 to April 2025 percentage change was unrevised from the preliminary estimate of virtually unchanged (±0.2 percent)*.

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