Keeping you up to date on the latest data releases.
- International Trade
The nominal trade deficit widened by $0.2 billion in April following a $0.1 billion narrowing in March, as both imports and exports declined slightly. The deficit is at its highest level since December 2008, though it has inched up only $0.1 billion since February. Exports slipped 0.7 percent, largely driven by a 5.3 percent drop in consumer goods. Imports declined 0.4 percent, led by a 4.4 percent decrease in consumer goods, which was partially offset by a 4.2 percent climb in capital goods. The average price per barrel of crude oil rose by $2.81 to its highest level since October 2008, and the U.S. imported 5,355 million fewer barrels in April than in March. Despite the declines in exports and imports, their 12-month growth rates ticked up slightly, to 23.9 percent and 19.9 percent respectively.