Trade Deficit In Goods Jumps 17 Percent As Imports Surge And Exports Plunge
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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