Source: US Census Bureau
The United States’ trade gap narrowed in February, as exports grew at a faster pace than imports during the month. QQQ is up 0.63%.
- The international trade deficit stood at $106.6 billion, $1.0. billion or 0.9% lower than the $107.6-billion deficit recorded in the previous month.
- Exports climbed by $1.9 billion to $157.2 billion, while imports jumped by $0.9 billion to $263.7 billion.
- Seasonally adjusted wholesale inventories were recorded at $814.8 billion, up 2.1% from January’s $798.1 billion and 19.4% higher than February 2021.
- Advance retail inventories for the month were estimated at $665.6 billion, 1.1% higher than January and 7.1% higher than February 2021.
- The January percentage change was downgraded to 1.9% from 2.0%.