US: Trade deficit narrows to $50.8 billion in April vs. $50.7 expected

The data published jointly by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis showed that the trade deficit in April narrowed to $50.8 billion from $51.9 billion in March and came slightly worse than the market expectation of $50.7 billion.

Key takeaways from the press release

• April exports were $206.8 billion, $4.6 billion less than March exports.
• April imports were $257.6 billion, $5.7 billion less than March imports.
• The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $1.0 billion to $71.7 billion and an increase in the services surplus of $0.1 billion to $20.9 billion.