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The US Census Bureau and the US Bureau of Economic Analysis said today that the goods and services deficit was $85.5 billion in May, down $1.1 billion from $86.7 billion in April, revised. May exports were $255.9 billion, $3.0 billion more than April exports. May imports were $341.4 billion, $1.9 billion more than April imports.
The May decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.9 billion to $105.0 billion and a decrease in the services surplus of $1.7 billion to $19.4 billion. The average goods and services deficit decreased $0.9 billion to $93.3 billion for the three months ending in May. Continue reading
IMSA Prototype Challenge Nixed for VP Racing SportsCar Challenge
A new, multiple-class, sprint-race series makes its debut in 2023 by the International Motor Sports Association. Dubbed the IMSA VP Racing SportsCar Challenge, it replaces the current IMSA Prototype Challenge series. VP Racing Fuels has been a long-standing supporter of sports car racing.
All 2023 IMSA VP Racing SportsCar Challenge races will be streamed live in the United States on Peacock, with television coverage airing post-event on USA Network. Live race streaming for international audiences will be available on IMSA.com. This in AutoInformed’s view is the core IMSA problem – the lack of consistent access to all the races for all fans. Continue reading →