Keeping you up to date on the latest data releases.
- International Trade
In April, the U.S. trade deficit narrowed by $2.5 billion to −$50.2 billion, down from March’s upwardly revised $52.6 ($51.8, previously). The narrowing was driven by declines in both imports and exports with the former dropping $4.1 billion to $233.0 billion ($237.1 billion, previously) and the later falling $1.5 billion to a level of $182.9 billion ($184.4, previously). April’s decreases come after record jumps in both imports and exports last month. On a year-over-year basis, imports posted gains of 6.3 percent, down from March’s 8.2 percent climb. Exports rose 4.2 percent, also down from a 5.9 percent pace in March. Annual revisions to data from January 2009 to March 2012 were incorporated into this release which showed little alteration to overall trends, but revised down the trade deficit for 2009 and 2010 by 0.6 percent and 1.1 percent.