Keeping you up to date on the latest data releases.
- International Trade
The nominal trade deficit widened for the fourth time in five months in March, though only by a slight $1.0 billion. The deficit now sits at $40.4 billion, its highest level since December 2008. Exports and imports both made strong gains during the month, continuing their upward trends begun in mid-2009. Exports climbed 3.2 percent and were led by industrial supplies and materials and capital goods. Imports rose 3.1 percent, driven by increases in industrial supplies and materials and automotive vehicles. Both the price and the volume of crude oil purchases increased, as the average price per barrel rose by $1.40 and the U.S. imported 56.2 million more barrels in March than February. The 12-month growth rates of both exports and imports rose to their highest levels since the series began in 1992, leaping 20.4 percent and 24.2 percent, respectively.