The March Trade Deficit widened to $48.2b from $45.4B in Feb and is the 2nd widest since late ’08 but in March the increase was solely due to higher petroleum imports which alone rose more than $8b m/o/m. Ex petro, the trade deficit would have fallen by $3b as overall exports rose 4.6% to a record high which squares with the positive momentum that manufacturers have experienced year to date.

Category: Energy, MacroNotes

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Trade Deficit jump all Petro”

  1. KJ Foehr says:

    What happens to exports as TROW slows due to rising interest rates and austerity in UK/Europe?

    If TROW sneezes, do we catch cold?

  2. wally says:

    How much of that goes to US companies that operate overseas and don’t return profits to the US?