The U.S. trade deficit for April............>

US DATA: The U.S. trade deficit for April increased by 16.7% to -$49.4 billion,

slightly outpacing market expectations for a -$49.2 deficit. Driving the

deficit's increase was a -20.5% decrease in exports to $151.3 Billion. This

showed a -$10.1 billion drop in capital goods, driven by reduced airports in

aircraft parts and industrial machinery, a -$9.1 billion reduction in industrial

supplies, and a -$7.4 billion decrease in automotive vehicles, parts, and

engines. U.S. imports also fell -$13.7% to $200.7 billion, driven largely by a

-$14.6 billion drop in imports for automotive vehicles, parts, and engines. This

morning's Census Bureau report is in line with last month's advance goods

deficit report which showed a -25.2% m/m drop in exports, bolstered by

manufacturing downtime, alongside a -14.3% m/m decline in imports given

continued, multi-week lags in international shipping.