India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading


Forex Brokers


Precious Metals Trading

Economic Data

Commodity Futures Trading


Live Forex Charts


World Gold Prices


Forex COMEX India

Contact Us


Bullion Trading Bullion Converter

$ Price :


Rupee :


Price in RS :

  More Links
Forex NCDEX India


Live Gold Prices

Price Quotes

Gold Bullion Trading


Forex MCX India


Gold Commodities


Forex Currency Trading


Indian Currency


MW: U.S. trade deficit widens in March
An early look at U.S. trade patterns in March shows a 1.4% widening in the nation’s trade deficit.

The trade gap in goods—services are excluded—widened to $64.8 billion in March from $63.9 billion in February, the government said Thursday in its advanced report. This widening of the deficit only partially reversed a sharp narrowing in February. The goods deficit totaled $68.6 billion in January.

The U.S. trade deficit often gyrates in the first quarter depending on the date of the Chinese lunar new year, a long but annually shifting holiday during which most of the country’s business shuts down. The U.S. has a bigger trade deficit with China than any other country, by far. The full trade report which includes services will be released next week.

Wholesale inventories, meanwhile, slipped 0.1% in March and retail inventories rose 0.4%, according to advanced data. The government issues the advanced data to make it easier to estimate gross domestic product.

The widening in the trade deficit may subtract a bit from gross domestic product in the first quarter. The government will release that report on Friday. Economists surveyed by MarketWatch suspect that the economy decelerated to a 1% annual growth rate in the first quarter from a 2.1% rate in the prior three-month period.

The size of the trade deficit is mostly tied to changes in exports and imports of goods. Trade patterns involving services such as financial advice or help-desk support rarely change much from month to month.

The government reported last month that the total U.S. trade deficit in February narrowed to $43.6 billion from $48.2 billion in the prior month.