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.
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.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.