Economic news

Grown export cuts U.S. trade deficit to the lowest in over half a year

The trade deficit of the United States dipped to the least in seven months in April, with increase in exports to the highest level, buoyed by sales of industrial materials and soybeans.

According to today’s report by the Commerce Department, the deficit fell to $46.2 billion, 2.1% down, becoming the lowest from last September. March figures were revised downwards, now saying that passive trade balance declined to $47.2 bln, while initial reading had been $49.0 bln.

The gap adjusted for inflation shrank from March’s $78.2 bln to $77.5 bln. As for the real trade deficit, it is less than the mean $82.5 bln of the first three months of 2018.

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