Market Updates
International Trade Deficit Declined In March, Inventories Rose
Brian Turner
26 Apr, 2023
New York City
International trade deficit declined and wholesale and retail inventories rose from the previous month, according to the preliminary data from the U.S. Census Bureau released on Wednesday.
International trade deficit declined 8.1% or $7.4 billion to $84.6 billion in March after goods exports rose $4.9 billion to $172.7 billion and goods imports fell $2.5 billion to $257.3 billion.
Wholesale inventories for March, adjusted for seasonal variations and trading day differences, but not for price changes, increased 0.1% from the previous month and rose 9.3% from a year ago to $919.9 billion.
Retail inventories for March, adjusted for seasonal variations and trading day differences, but not for price changes, rose 0.7% from the previous month and advanced 8.4% to $773.4 billion.
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