Trade data from the commerce department, the current month is advance data, chart by Mish.
Advance International Trade in Goods
- The international trade deficit was $96.8 billion in April, up $14.1 billion from $82.7 billion in March, up 17 percent
- Exports of goods for April were $163.3 billion, $9.5 billion less than March exports, down 5.5 percent for the month.
- Imports of goods for April were $260.0 billion, $4.5 billion more than March imports, up 1.8 percent for the month.
The Bloomberg Econoday consensus was for a small increase in the deficit to $-85.6 billion.
In isolation, this is bad for GDP, but there are other reports out today with stronger data. I will comment shortly.
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