The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories increased in March.
The international trade deficit was $90.6 billion in March, up $3.5 billion from $87.1 billion in February. Exports of goods for March were $142 billion, $11.4 billion more than February exports. Imports of goods for March were $232.6 billion, $14.9 billion more than February imports.
Wholesale inventories for March, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $693.4 billion, up 1.4% from February, and up 4.5% from March 2020. The January 2021 to February 2021 percentage change was revised from up 0.6% to up 0.9%.