US Daily Data Recap "Tech imports & oil exports surging" Wilcox

Research evidence excerpt

US Daily Data Recap "Tech imports & oil exports surging" Wilcox

Global Research

9 June 2026ab

US Daily Data Recap Economics

AmericasTech imports & oil exports surging

Amanda Wilcox

Economist

Strong growth in AI-related imports (computers, peripherals and semiconductors) amanda.wilcox@ubs.com

+1-212-713 3899

continued in April but a surge in petroleum exports led to a narrowing in the trade

deficit. Tech imports, linked to ongoing AI investment, boosted overall imports, while Jonathan Pingle

surging petroleum exports helped lift exports and narrow the goods trade deficit. Export Economist

strength was even more pronounced after adjusting for declines in non-monetary gold, jonathan.pingle@ubs.com

+1-212-713 2225

which is stripped out of the BEA's GDP calculations. These data are measured on a

nominal basis so when deflated after the rise in oil prices will be less supportive for real Alan Detmeister

export growth. May volumes of petroleum shipments continued to rise into May based Economist

on EIA data though. alan.detmeister@ubs.com

+1-212-713 1222

Abigail WattThe NFIB small business optimism index edged slightly lower in May and remained

within its recent range, but underlying details pointed to a clearer pickup in the impact abigail.watt@ubs.com

of the Middle East conflict. In particular, reports of supply chain disruptions increased, +1-212-882 6929

with more firms experiencing mild or moderate effects and fewer reporting no impact.

Jalen Nichols

At the same time, price pressures in the survey intensified in May, with both actual and

planned price increases reportedly rising and small businesses' inflation concerns jalen.nichols@ubs.com

becoming more prominent, including for the cost of labor. Comments in the NFIB survey +1-212-882 6905