US: Trade balance likely to widen to USD 50.7bn in April - TDS

According to analysts at TD Securities, the US trade balance is expected to widen modestly in April to USD 50.7bn, following a minor increase in the trade gap in March.

Key Quotes

“This would be in line with our view that net exports are likely to be less of a contributor to growth to Q2 activity after a notable shrinking of the trade deficit supported Q1 GDP growth.”