US Trade Deficit Widens by $19.0B in March

Source: Census Bureau

The US recorded an international trade deficit of $125.3 billion in March, wider than a deficit of $106.3 billion in February. SPY is up +0.41% on premarket, DXY is up +0.65%.

The rise in trade deficit reflected a higher jump in imports from $30.3 billion to $294.6 billion. Exports increased by $11.4 billion to $169.3 billion.

The wholesale inventories increased by 2.3% to $837.7 billion in March and were up by 21.5% from the previous year. 

The retail inventories rose by 2.0% to $684.3 billion in March from February and were 11.0% higher than the prior year.