The U.S. goods and services trade deficit decreased in March 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $69.5 billion in February (revised) to $69.4 billion in March, as imports decreased more than exports. The goods deficit increased $0.8 billion in March to $92.5 billion. The services surplus increased $0.9 billion in March to $23.1 billion. Full Text

Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)-personal income less personal current taxes-increased $104.0 billion (0.5 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $172.1 billion (0.9 percent) and consumer spending increased $160.9 billion (0.8 percent). Personal saving was $671.0 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.2 percent in March. Full Text