Thursday, June 10, 2010

Trade Deficit Widens By 0.7%; Total Trade Volume Declines

In April, the trade deficit widened by 0.7% to a monthly pace of $40.3 billion. Though the pace has been choppy in recent months, the trade deficit has been trending upwards for most of the past year.

The bigger story with this month’s report is that total trade volume fell, the reverse of a long standing trend over the past year. Exports fell 0.7% over the month while imports fell 0.4%. Though one month is not enough to draw lasting conclusions, if trade volume continues to decline, it could be indicative of a stalling global economic recovery.

Source: Census Bureau

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