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06.06.2019 20:55

U.S. trade deficit narrows slightly less than forecast in April

The U.S. Commerce Department reported on Thursday the U.S. the goods and services trade deficit narrowed to $50.8 billion in April from a revised $51.9 billion in the previous month (originally a gap of $50.0 billion).

Economists had expected a deficit of $50.7 billion.

According to the report, the April decrease in the goods and services deficit reflected a decline in the goods deficit of $1.0 billion to $71.7 billion and a gain in the services surplus of $0.1 billion to $20.9 billion.

Exports of goods and services from the U.S. fell 2.2 percent m-o-m to $206.8 billion in April, while imports also decreased 2.2 percent m-o-m to $257.6 billion.

Year-to-date, the goods and services deficit rose $4.1 billion, or 2.0 percent, from the same period in 2018. Exports increased $8.3 billion or 1.0 percent. Imports went up $12.4 billion or 1.2 percent.


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