THE WEEK AHEAD: TRADE BALANCE
Tuesday, June 21, 8:30 a.m.
The U.S. trade deficit for goods and services probably widened slightly in April, to $7.8 billion, from $7.4 billion in March, according to the median forecast of economists surveyed by MMS International, a division of McGraw-Hill Inc. For goods alone, the deficit likely widened to $10.5 billion from $10.1 billion in March. Merchandise exports probably fell back in April after hitting a record $43 billion in March. At the same time, though, the MMS forecast is that imports were little changed in April after also setting a new high in March, at $53.1 billion. The flood of imported merchandise will continue to be a drag on U.S. economic growth.