U.S. Trade Deficit $50 Billion With Lower China Imports Again

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
  • #20640

    The US trade deficit in March was $50.0…


    Super Harley

    Well timed just before the tariff rise for max effect


    US April Export and import price index Sharply Lower

    Import price index m/m+0.2% vs +0.7% expected
    Import price index y/y -0.2% vs +0.3% expected

    US April import price index ex-petroleum -0.6% v +0.2% m/m expected

    Import fuel prices were up 2.5 percent (vs 6.9 percent in March), boosted by a 6.1 percent advance in petroleum prices while natural gas cost slumped 53.7 percent, the largest decrease since the index was first published on a monthly basis in December 1994. Nonfuel import prices edged down 0.1 percent in April (vs -0.2 percent in March), as cost for capital goods dropped 0.4 percent, the biggest decline since March 2009, while prices for foods, feeds, and beverages increased.

    Export price index m/m +0.2% vs +0.6% expected
    Export price index y/y +0.3% vs +0.5% expected

    Prices of nonagricultural export increased 0.4 percent, after rising 0.7 percent the previous month, mainly driven by cost of nonagricultural industrial supplies and materials and automotive vehicles.
    Cost of agricultural exports fell 1.5 percent, following a 1.0 percent increase in March, mostly due to vegetables (-17.2 percent), fruits (-6.8 percent) and corn (-2.6 percent).


    US advance goods trade balance for April -72.1B versus -72.7B estimate

    advanced good trade deficit -72.1B v -72.7B estimate
    imports fell 2.7% to $206.709B from $212.35B in March
    exports fell -4.2% in April to $134.59 billion from $140.476 billion in March

    wholesale March trade inventories rose 0.7% in April to $674.5 billion
    retail trade inventories rose 0.5% in April to $660.9 billion
    A year ago the goods trade deficit was -$68.939

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.