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US March Advance Trade Gap Slightly Smaller Than Expected, Inventories Up

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-- The US advance international trade in goods deficit widened to $87.87 billion in March from $83.49 billion in February, according to data released by the US Census Bureau.

This was a slightly smaller gap than the $88.0 billion deficit expected in a survey compiled by Bloomberg.

Exports rose by 2.5% in March while imports were up by 3.3%.

In the same report, wholesale inventories rose by 1.4% in March after a 0.9% increase in February. Analysts polled by Bloomberg expected wholesale inventories to increase by 0.4%.

Retail inventories were up 0.7% in March following a 0.3% increase in the previous month. This was a larger increase than the 0.1% gain expected by analysts. Excluding a 1.2% increase in motor vehicle inventories, retail inventories were up 0.5% in the month.

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