Keeping you up to date on the latest data releases.
- International Trade
In February, the US trade deficit expanded to $42.3 billion, up from a revised $39.3 billion in January. February’s increase was driven by a −1.1 percent decrease in exports. In addition, imports increased by 0.4 percent. While consensus forecasters predicted a widening of $38.5 billion, the decrease in exports and increase in imports lead to a larger-than-expected widening of the overall deficit. On a year over year basis, exports advanced 2.0 percent after increasing by a revised 3.0 percent in January and 1.4 percent in December. Imports increased by 1.1 percent in February on a year-over-year basis, preceded by 1.2 percent revised growth in January and 1.4 percent in December.