US advance goods trade balance

US advance goods trade balance for April 2022
  • Prior $-127.12 billion revised to $-125.9 billion
  • US advance goods trade balance for April 2022 $-105.94 billion

The US deficit has been increasing (that is to the downside) had a accelerated pace as the US has seen faster growth and demand for inventories/goods. The smaller deficit may be indicative of a slowing of that demand for goods as inventories get replenished.

The supply chain is out of whack and unstable. Just when you thought inventories would never get replenished to keep up with demand, demand slows and inventories suddenly build up. That could ultimately break  inflation  to the downside. Time will tell.