Trade Deficit jump all Petro

The March Trade Deficit widened to $48.2b from $45.4B in Feb and is the 2nd widest since late ’08 but in March the increase was solely due to higher petroleum imports which alone rose more than $8b m/o/m. Ex petro, the trade deficit would have fallen by $3b as overall exports rose 4.6% to a record high which squares with the positive momentum that manufacturers have experienced year to date.

What's been said:

Discussions found on the web:

Posted Under