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Economists peg U.S. Trade Balance for April at -$58- to $60-billion deficit

Posted June 9, 2008

Baltimore — (TFN): The one major piece of economic data to be released June 10, at 8:30 AM, will be an update of the U.S. Trade Balance for April 2008. After a current account deficit of -$58.2 billion in the preceding month, economists peg this batch of data at a deficit of -$58- to $60-billion.

Tough call, considering overall imports will be down due to decreasing consumer spending… but the increase in oil and energy prices will make up for a lot of shrinkage.

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