The numbers: The trade deficit in goods narrowed 10.3% to $68 billion, according to the government’s advanced report released Thursday. This was the first narrowing of the deficit in seven months and came in well below the $73.4 billion estimate of economists polled by MarketWatch.
The government’s advanced report on wholesale inventories showed a 0.5% gain in March. And advanced retail inventories fell 0.4%
What happened: Imports fell 2.1% in March and the declines were widespread. Of the major categories, only auto imports rose in the month. Exports rose 2.4% during the month. The narrowing of the deficit in goods points to a smaller overall trade deficit in March.
https://www.marketwatch.com/story/us-trade-deficit-narrows-sharply-in-march-2018-04-26
The government’s advanced report on wholesale inventories showed a 0.5% gain in March. And advanced retail inventories fell 0.4%
What happened: Imports fell 2.1% in March and the declines were widespread. Of the major categories, only auto imports rose in the month. Exports rose 2.4% during the month. The narrowing of the deficit in goods points to a smaller overall trade deficit in March.
https://www.marketwatch.com/story/us-trade-deficit-narrows-sharply-in-march-2018-04-26
