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US Trade Balance deficit widen to $47.1 billion

Tuesday, Apr 05 2016
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that the goods and services deficit was $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. February exports were $178.1 billion, $1.8 billion more than January exports. February imports were $225.1 billion, $3.0 billion more than January imports.
The February increase in the goods and services deficit reflected an increase in the goods deficit of $0.9 billion to $64.7 billion and a decrease in the services surplus of $0.3 billion to $17.7 billion. Year-to-date, the goods and services deficit increased $10.8 billion, or 13.1%, from the same period in 2015. Exports decreased $20.5 billion or 5.5%. Imports decreased $9.7 billion or 2.1%.
 
Euro is currently being traded few points above 1.1350 level, Sterling is around 1.4160 handle, while Aussie is at 0.7530 area. Later today, Non-Manufacturing PMI and JOLTS Job Openings figures are scheduled for a release.
More in this category: « UK Services PMI increased to 53.7 ISM Non-Manufacturing PMI increased more than expected »

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