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Market Update : 
Trade Deficit Narrows in March
Author: 123jump.com Staff
123jump.com
Last Update: 10:21 AM EDT May 09 2008


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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total March exports of $148.5 billion and imports of $206.7 billion resulted in a goods and services deficit of $58.2 billion, down from $61.7 billion in February, revised. March exports were $2.6 billion less than February exports of $151.1 billion.

 
Advanced technology products (ATP) exports were $24.7 billion in March and imports were $27.9 billion, resulting in a deficit of $3.3 billion. March exports were $2.4 billion more than the $22.3 billion in February, while imports were $2.3 billion more than the $25.6 billion in February.

Revisions

Goods carry-over in March was $0.4 billion (0.3 percent) for exports and $0.8 billion (0.5 percent) for imports. For February, revised export carry-over was $0.1 billion (0.1 percent), revised down from $0.4 billion (0.4 percent). For February, revised import carry-over was $0.3 billion (0.2 percent), revised down from $1.7 billion (1.0 percent).

Services exports for February were revised down $0.2 billion to $43.8 billion. The revision was mostly accounted for by a downward revision in travel. Services imports for February were virtually unchanged at $33.4 billion.


Available at:

http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm
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