- The Big Picture - http://www.ritholtz.com/blog -

Trade Deficit jump all Petro

Posted By Peter Boockvar On May 11, 2011 @ 10:09 am In Energy,MacroNotes | Comments Disabled

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.


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/05/trade-deficit-jump-all-petro/

Copyright © 2008 The Big Picture. All rights reserved.