US Trade Deficit Misses Expectations, Falls To -$50.1 Billion

shipping containers

Photo: Wikimedia Commons

UPDATE:The U.S. trade deficit fell $2.5 billion in April to $50.1 billion, missing expectations, new data out of the Census Bureau shows.

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Exports declined $1.5 billion month-on-month to $182.9 billion. Imports fell at a steeper rate, down $4.1 billion to $233 billion. 

The Bureau attributed lower exports to weakness in capital goods and industrial supplies, offset by gains in autos and food.

The Census Bureau revised the March deficit $800 million higher, to $52.6 billion.

Below, a look at the deficit over the past few years.

Chart

Photo: U.S. Census Bureau

ORIGINAL:

Minutes away from the first of two key data points this Friday: the U.S. trade balance.

Economists polled by Bloomberg forecast the U.S. ran a $49.5 billion deficit in April, $2.3 billion below March’s imbalance.

The report will be announced at 8:30 a.m. ET.

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