Connect With PPD
Follow Us:
Economy

U.S. Trade Deficit Widens $7.1 Billion to $49.4 Billion in April

Year-to-Date, U.S. Trade Deficit in Goods and Services Down 13.4%

Washington, D.C. (PPD) — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) reported the U.S. trade deficit for goods and services widened $7.1 billion to $49.4 billion in April. That’s slightly more than the forecast and follows a $42.3 billion trade deficit in March and $39.8 billion in February, revised.

Forecasts ranged from a low deficit of $49.9 billion to a high of $34.4 billion. The consensus forecast was $42 billion.

U.S. Economy. Import export business. Stacked cargo containers. Flag of the United States. 3D rendering. (Photo: AdobeStock)

Exports fell $38.9 billion to $151.3 billion in April exports, while imports were fell $31.8 billion to $200.7 billion. The increase in the goods and services deficit reflected an increase in the goods deficit of $5.8 billion
to $71.8 billion and a decline in the services surplus of $1.3 billion to $22.4 billion.

Year‐to‐date, the goods and services deficit fell $26.0 billion, or 13.4%, from the same period in 2019. Exports are down $79.8 billion or 9.5%, while imports fell $105.8 billion or 10.2%.

The politically-sensitive U.S.-China trade in goods deficit rose $9.0 billion to $26.0 billion in April. Exports rose $2.1 billion to $9.3 billion, but imports were up $11.0 billion to $35.2 billion.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.