Trade Deficit Edges up in April
The U.S. trade deficit widened in April, reflecting a jump in the price of oil, although the trade imbalance this year remains well below last year's pace as the recession has weakened demand for imports. The Commerce Department reported that the deficit grew 2.2% to $29.2 billion. The drop in imports outweighed the decline in exports, which have also taken a severe hit as the recession has reduced demand for U.S. goods in foreign markets. Imports in April dipped $2.2 billion, or 1.4%, to $150.3 billion, the lowest monthly total since September 2004. Exports of goods and services fell $2 billion, or 2.3%, to $121.1 billion, the smallest total since July 2006. Imports of petroleum increased 2.1% to $18 billion as the average price for a barrel of imported crude oil jumped to $46.60 in April, from $41.36 in March. It was the highest level since December and is expected to rise in coming months. The overall deficit is running at an annual rate of $361.1 billion, about half of the $695.9 billion total for all of 2008. Analysts expect the deficit will stay lower for the rest of the year as the recession weakens demand for imports and exports. The politically sensitive deficit with China grew 7.3% to $16.8 billion in April.
Return to:
Factoring, Credit and Economy News
Date Last Updated: 06/10/2009
News Feeds
-
Charter Capital Blog on MerchantCircle
-
Factor My
Invoices Blog
- Small Business and Invoice Factoring News Blog
- Small Business Financial News Blog
|
 |
|
|
|
|
|
|
|
|
|
Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
|
|
|
|
