Investing.com – The U.S. trade deficit widened further than expected in March, hitting a 1-year high, official data showed on Wednesday.
In a report, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the U.S. posted a goods and services deficit of USD 40.4 billion during the month, up from USD 39.4 billion in February, whose figure was revised from USD 39.7 billion.
Economists had expected March's figure to come in at USD 40 billion.
Exports of goods increased USD 4.2 billion to USD 102.7 billion, and imports of goods increased USD 6.0 billion to USD 155.6 billion, the report said.
Exports of services increased USD 0.4 billion to USD 45.2 billion, and imports of services decreased USD 0.4 billion to USD 32.7 billion.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.1% to reach 1.2673.
In a report, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the U.S. posted a goods and services deficit of USD 40.4 billion during the month, up from USD 39.4 billion in February, whose figure was revised from USD 39.7 billion.
Economists had expected March's figure to come in at USD 40 billion.
Exports of goods increased USD 4.2 billion to USD 102.7 billion, and imports of goods increased USD 6.0 billion to USD 155.6 billion, the report said.
Exports of services increased USD 0.4 billion to USD 45.2 billion, and imports of services decreased USD 0.4 billion to USD 32.7 billion.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.1% to reach 1.2673.