- Trade deficit 48,3 Bill. USD!! - CRASH_GURU, 14.06.2004, 15:34
- Und kein Ende ist abzusehen - philliecht, 14.06.2004, 16:16
Trade deficit 48,3 Bill. USD!!
-->The nation's international trade deficit widened sharply again, up 3.8 percent to a record $48.3 billion in April vs. an upward revised $46.6 in March.
Imports edged only 0.2 percent higher to $142.3 million despite rising oil costs, while exports fell 1.5 percent to $93.9 billion despite the soft dollar.
Imports of crude oil were down $961 million on the month despite a higher average price of $31 per barrel vs. $30.64 in March. The decline may suggest that higher prices are curbing demand.
Imports of consumer goods rose as did auto imports. Capital goods imports were also stronger as were civilian aircraft.
Exports were hurt by a sharp fall in the always volatile civilian aircraft category. Exports of capital goods and autos were soft.
The trade gap with China remains the most severe, at $12.0 billion vs. $10.4 in March and $9.4 billion a year ago. The gap with Japan was $6.4 billion while the gap with the EU was $9.2 billion
(note that country balances are not seasonally adjusted).
The trade data are not likely to move the financial markets, though they may pressure the dollar on worries of U.S. dependence on foreign inflows. The gap may also pop up in the political debate.
gesamter Thread:
Mix-Ansicht

