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Monday, April 22, 2019 3:53:51 PM EDT




Trade Balance
Briefing.com Updated 17-Apr-19 09:19AM ET
The trade deficit narrowed to $49.4 billion in February (Briefing.com consensus -$54.0 billion) from -$51.1 billion in January, as exports were $2.3 billion more than January exports and imports were $0.6 billion more than January imports.

Exports of capital goods increased $2.1 billion, led by civilian aircraft exports increasing $2.2 billion.

Exports of industrial supplies and materials decreased $0.4 billion.

Imports of consumer goods increased $1.6 billion, led by imports of cell phones and other household goods increasing $2.1 billion.

Imports of industrial supplies and materials decreased $1.2 billion.

The deficit with China decreased $3.1 billion to $30.3 billion in February.

The real trade deficit narrowed to $81.7 billion from $83.5 billion in January. That left the first quarter average 5.4% below the fourth quarter average, which will be a positive input for Q1 GDP forecasts.

The key takeaway from the report is that exports and imports increased in February. That will help temper concerns about the U.S. economy being at risk of slipping into a recession in the near future.
 
FEBJANDECNOVOCT
Trade Deficit-$49.4B-$51.1B-$59.9B-$50.5B-$56.5B
Exports$209.7B$207.4B$205.4B$209.3B$210.7B
Imports$259.1B$258.5B$265.3B$259.9B$267.2B