Keeping you up to date on the latest data releases.
- International Trade
In February, the U.S. trade deficit contracted by $1.5 billion to a level of $43.0 billion ($44.5 billion, previously). Consensus forecast had predicted a slight expansion to a level of $44.6 billion making February’s contraction unexpected. Imports remained flat at a level of $228.9 billion after increasing 1.8 percent last month. Exports advanced 0.9 percent to a level of $186.0 billion after falling 1.2 percent last month. On a year-over-year basis, imports increased 1.9 percent after falling −0.9 percent in January and −2.0 percent in December. Exports continued to post year-over-year gains, rising 3.2 percent in February. If exports continue to outpace imports, trade could positively impact GDP in the first quarter of 2013.