The United States narrowed its international trade deficit in March, as exports increased while imports declined during the period.
Source: US Census Bureau
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The advance international trade deficit stood at $105.9 billion in April, lower than the $125.9-billion deficit in the previous month. Exports of goods increased by $5.2 billion to $173.9 billion, while imports of goods fell by $14.8 billion to $279.9 billion.
Wholesale inventories were estimated at $860.8 billion, reflecting a 2.1% monthly increase and a 23.8% annual increase. The percentage change for the previous month was revised higher to 2.7% from 2.3%.
Retail inventories were $696.3 billion, up by 0.7% from March and 15.0% from the same month last year. The monthly retail inventory growth from February to March was revised upward to 3.0% from 2.3%.