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US goods trade deficit widens more than expected in April

The seasonally adjusted U.S. international goods trade deficit widened to $72.12 billion in April from $71.87 billion in March, the Census Bureau reported.

The Econoday consensus forecast was for a deficit of $71.9 billion.

Exports fell to $134.59 billion from $140.48 billion, as all sub-components of the index fell, except the foods, feeds and beverages sector.

Imports declined to $206.71 billion from $212.35 billion.

The April 2019 goods trade deficit grew from the $68.94 billion deficit in April 2018.

Meanwhile, wholesale inventories rose 0.7% month over month to $674.47 billion in April, according to advance data from the bureau. Retail inventories edged up 0.5% to $660.92 billion.