The U.S. trade balance was released Thursday morning with positive results. The trade balance was -44.40 billion for the month of May, beating consensus expectations of -45.20 billion.

Exports increased to $ 195.5 billion from April’s $ 193.5 billion, a positive sign for the U.S. economy. Goods came out to $ 136.7 billion for the month, up from $ 135.0 billion in April; services were $ 58.8 billion, up from $ 58.5 billion in April.

More positive details in the release with Imports decreasing to $ 239.8 billion, from $ 240.5 billion in April; goods were $ 200.0 billion in May, down from $ 200.7 billion in April; services were $ 39.9 billion in May, up from the previous $ 39.8 billion.

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