Investing.com - The U.S. trade deficit widened less-than-expected in April, official data showed on Tuesday.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD40.3 billion in April from a deficit of USD37.1 billion in March, whose figure was revised down from a previously reported deficit of USD38.8 billion.
Analysts had expected the U.S. trade deficit to widen to USD41 billion in April.
U.S. imports rose 2.4% in April to USD227.7 billion, while exports increased 1.2% to USD187.4 billion.
The trade gap with China climbed 21.2% to USD24.1 billion.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.03% to trade at 1.3082.
Meanwhile, U.S. stock future indices pointed to modestly higher open. The Dow Jones Industrial Average futures rose 0.1%, S&P 500 futures pointed to a gain of 0.1%, while the Nasdaq 100 futures pointed to an increase of 0.2% at the open.
In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD40.3 billion in April from a deficit of USD37.1 billion in March, whose figure was revised down from a previously reported deficit of USD38.8 billion.
Analysts had expected the U.S. trade deficit to widen to USD41 billion in April.
U.S. imports rose 2.4% in April to USD227.7 billion, while exports increased 1.2% to USD187.4 billion.
The trade gap with China climbed 21.2% to USD24.1 billion.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.03% to trade at 1.3082.
Meanwhile, U.S. stock future indices pointed to modestly higher open. The Dow Jones Industrial Average futures rose 0.1%, S&P 500 futures pointed to a gain of 0.1%, while the Nasdaq 100 futures pointed to an increase of 0.2% at the open.