US April international trade balance -$74.6 billion versus -$75.2 billion estimate

• -64.2 billion US dollars previously
• The trade deficit was $74.6 billion, higher than March’s deficit of $60.6 billion, but better than the estimate of $75.2 billion.
• The deficit in goods amounted to 96.11 billion dollars, offset by a surplus in services of 21.56 billion dollars.
• Exports amounted to $249.02 billion, down from $258.19 billion in March.
• Imports were $323.57 billion, up from $318.78 billion in March.
• Capital goods imports amounted to $70.90 billion, up slightly from March imports of $70.70 billion.
• The trade deficit between the United States and China in April was $20.28 billion, larger than the deficit in March of $16.61 billion.
• The US oil import price for April was $69.08 per barrel, up from $67.38 per barrel in March, but down 27.2% from its April 2022 price of $94.95 per barrel.
• The increase in the goods and services deficit in April reflected an increase in the goods deficit from $14.5 billion to $96.1 billion and an increase in the services surplus from $0.6 billion to $21.6 billion.
• Year-to-date, the goods and services deficit decreased – $86.5 billion, or 23.9 percent, compared to the same period in 2022. Exports increased – $55.9 billion, or 5.8 percent. Imports decreased – $30.6 billion, or 2.3 percent.

/economic inflation

economic inflation

Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or a country increases over a period of time. It is the rise in the general price level where you actually buy a particular currency less than it was in previous periods. In terms of evaluating strength or currencies, and therefore foreign currencies, inflation or its measures are very influential. Inflation stems from the general creation of money. This money m

Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or a country increases over a period of time. It is the rise in the general price level where you actually buy a particular currency less than it was in previous periods. In terms of evaluating strength or currencies, and therefore foreign currencies, inflation or its measures are very influential. Inflation stems from the general creation of money. This money m
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