(Census Bureau) US recorded an international trade deficit of $106.6 billion in February, down by $1.0 billion from the previous month.
The decline in deficit reflected a higher $1.9 billion monthly rise in goods exports to $157.2 billion. Imports rose by $0.9 billion to $263.7 billion.
Wholesale inventories increased by 2.1% in February from January, closing the month at $814.8 billion. The inventories were 19.4% higher than the comparable month of 2021.
Retail inventories ended February at $665.6 billion, an increase of 1.1% from the previous month. The inventories were 7.1% higher than in February 2021.
At $106.6 billion, the US trade deficit is still the second-widest on record, after hitting a record $107.6 billion in January. The deficit is also higher than estimates of $106.5 billion. SPY is up +0.066%, DXY is up +0.46%
