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US April Advance Trade Gap Smaller Than Expected, Inventories Up

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The US advance international trade in goods deficit narrowed to $82.40 billion in April from $85.27 billion in March, according to data released by the US Census Bureau.

This was a smaller gap than the $87 billion deficit expected in a survey compiled by Bloomberg.

Exports rose by 4.0% in April while imports were up 1.9%.

In the same report, wholesale inventories rose by 0.5% in April after a 1.5% increase in March. Analysts polled by Bloomberg expected wholesale inventories to increase by 0.8%.

Retail inventories were up 0.7% in April following a 0.7% increase in the previous month. This was a larger increase than the 0.5% increase expected by analysts. Excluding a 0.9% increase in motor vehicle inventories, retail inventories increased by 0.6% in the month.

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German Flash Annual Inflation Eases to 2.6% in May

Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, according to provisional data from the country's Federal Statistical Office published Friday.The latest reading is lower than the consensus estimate of 2.9%.On a monthly basis, consumer prices edged down 0.2%, against the previous 0.6% rise and the expected 0.1% increase.The annual harmonized inflation rate was 2.7%, compared with the prior 2.9% and the market forecast of 2.8%. Meanwhile, harmonized consumer prices fell 0.1% month over month, against the previous reading of a 0.5% rise and the expected 0.2% increase.

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