Small font size A Larger text size A Largest text size A

US goods trade deficit narrows in April on strong exports

BY Reuters | ECONOMIC | 08:42 AM EDT

WASHINGTON, May 29 (Reuters) - The U.S. trade deficit in goods contracted in April as a surge in exports more than offset rising imports, a trend that if sustained could see trade contributing to economic growth in the second quarter.

The goods trade gap narrowed 3.4% to $82.4 billion last month, the Commerce Department's Census Bureau said on Friday. Economists polled by Reuters had forecast the goods trade deficit at $86.5 billion.

Goods exports increased $8.5 billion to $219.7 billion. Imports of goods rose $5.6 billion to $302.1 billion.

The trade deficit subtracted 1.25 percentage points from gross domestic product in the first quarter. The economy grew at a 1.6% annualized rate last quarter after expanding at a 0.5% pace in the October-December quarter.

(Reporting by Lucia MutikaniEditing by Tomasz Janowski)

More Fixed Income News

TREASURIES-US yields edge lower to end the week on hopes for Iran deal BY Reuters |TREASURY 10:19 AM EDT
AM Best Assigns Credit Ratings to Park Avenue Life Insurance Company BY Business Wire |CORPORATE 09:56 AM EDT
BRIEF-Bank of Canada to auction cash management bills on June 1 BY Reuters |ECONOMIC 09:52 AM EDT
Laurentian Bank of Canada Q2 2026 Earnings Call: Complete Transcript BY Benzinga |ECONOMIC 09:49 AM EDT

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article