Notizie economiche
02.05.2024

U.S. trade deficit improves to $69.4 billion in March

The U.S. Commerce Department informed on Thursday that the U.S. goods and services trade deficit narrowed by 0.1 per cent to $69.4 billion in March compared to a revised shortfall of $69.5 billion (from $68.9 billion) in February. This marked the first improvement in trade gap in four months.

Economists had expected a shortfall of $69.1 billion for March.

According to the report, the March decrease in the goods and services deficit reflected an advance in the goods deficit of $0.8 billion to $92.5 billion and a rise in the services surplus of $0.9 billion to $23.1 billion.

Overall, exports of goods and services from the U.S. fell by 2.0 per cent m-o-m to $257.6 billion in March, while imports dropped by 1.6 per cent m-o-m to $327.0 billion.

Year-to-date, the goods and services deficit declined by 3.2 per cent from the same period in 2023. Exports jumped by 1.2 per cent, while imports climbed by 1.6 per cent.

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