According to official figures released by US Census Bureau. The trade deficit in March was registered at $161.99 billion but the trade deficit in April was registered at just at $87.62, much lower than the forecasted $142.8 billion. This figure follows the impact of the President Trump’s announcement of his global trade war on April 2nd.
According to the official statistics the trade deficit was reduced due increased exports and also decreases in imports. Exports were recorded at $188.5 billion, $6.3 billion more than March exports. Imports of goods for April were recorded at $276.1 billion, $68.4 billion less than March imports.
Latest figures on consumer spending in the US for April came out moderately strong according to official figures by the US Bureau of Economic Analysis, with PCE increasing by $37.9 billion, or 0.2% month-over-month and real consumer spending, adjusted for inflation, rose by 0.1% month-over-month from March to April.
Newsroom
Leave a Reply