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Chicago Fed National Index Fell to -0.45 in April

The Goods and Services Deficit Decreased in April

The goods and services deficit was $50.8 billion in April, down $1.1 billion from $51.9 billion in March, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.

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 billion to $71.7 billion and an increase in the services surplus of $0.1 billion to $20.9 billion.

Year-to-date, the goods and services deficit increased $4.1 billion, or 2%, from the same period in 2018. Exports increased $8.3 billion or 1%. Imports increased $12.4 billion or 1.2%.

Exports of goods decreased $4.4 billion to $136.9 billion in April while exports of services decreased $0.2 billion to $69.9 billion.

Imports of goods decreased $5.4 billion to $208.7 billion in April while imports of services decreased $0.3 billion to $49 billion.

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