The merchandise trade deficit narrowed by a smaller margin than expected in April, mostly due to a tepid rebound in export volumes. Given the potential for a decline in energy exports in May, it now looks like exports were a big drag on the economy in the second quarter.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services