U.S Trade balance for April 2012 narrowed to USD 50.1 b vs USD 52.6 b in March. The trade deficit narrowed to 4.9 percent. The data came in above forecasts of the deficit reducing to USD 49.5 b.
Imports declined 1.7 percent to USD 233 b from USD 237.1 b. Exports also declined 0.8 percent to USD 182.9 b vs USD 184.4 b in the previous month. (Bloomberg)
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