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Trade Deficit in U.S. Rises More Than Anticipated on Imports

The trade deficit in the U.S. widened in February more than anticipated as imports climbed, adding to evidence of a rebound in economic growth.

The gap increased 7.4 percent to 39.7 billion from a revised $37 billion the prior month, the Commerce Department said today in Washington. Imports climbed 1.7 percent as Americans bought more computers and televisions made abroad, while exports rose to the highest level since October 2008.

Bloomberg

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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3