The Trade Deficit decreased by $1.2 billion to $45.8 billion in February, against the expected decrease to $44.5 billion, from a revised figure of $47 billion for January. February exports decreased by $2.4 billion to $165.1 billion, offset by imports, which decreased by $3.6 billion to $210.9 billion. The Commerce Department provided the February figures of the trade balance of the U.S. relative to selected trading partners, in billions of dollars, with surpluses in Hong Kong ($2.5), Australia ($1.4), Singapore ($0.8) and Egypt ($0.5). Deficits were recorded, in billions of dollars, with China ($18.8), OPEC ($9.4), the European Union ($6.9), Mexico ($5.3), Japan ($5.2), Canada ($2.9), Nigeria ($2.5), Venezuela ($2.1), Ireland ($2.6), Germany ($3.3), Taiwan ($0.9) and Korea ($0.8).
Today at 2:00 PM EST, the Department of Treasury will release the balance of the Treasury Budget for March, with an anticipated deficit of $188.3 billion, following the reported $222.5 billion deficit in February.
Upcoming Releases
Treasury Budget (04/12 at 2:00 PM EST)
Retail Sales (04/13 at 8:30 AM EST)
Business Inventories (04/13 at 10:00 AM EST)
Crude Inventories (04/13 at 10:30 AM EST)
