US April international trade balance -$74.6 billion versus -$75.2 billion estimate

• Prior $-64.2 billion revised 2 $-64.2 billion
• Trade deficit was $74.6 billion, higher than March's deficit of $60.6 billion revised from -$64.2 previously reported), but better than the -$75.2 billion estimate
• Goods deficit was $96.11 billion, offset by a services surplus of $21.56 billion.
• Exports amounted to $249.02 billion, lower than March's $258.19 billion,
• Imports were $323.57 billion, higher than March's $318.78 billion.
• Capital goods imports were $70.90 billion, slightly higher than March's imports of $70.70 billion.
• US-China April trade deficit was $20.28 billion, larger than March's deficit of $16.61 billion.
• US April oil import price was $69.08/bbl, higher than March's $67.38/bbl but down 27.2% from April 2022's $94.95/bbl.
• The April increase in the goods and services deficit reflected an increase in the goods deficit of $14.5 billion to $96.1 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.
• Year-to-date, the goods and services deficit decreased -$86.5 billion, or 23.9 percent, from the same period in 2022. Exports increased $55.9 billion or 5.8 percent. Imports decreased -$30.6 billion or 2.3 percent.

For the full report click here

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term