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FOR IMMEDIATE RELEASE: Tuesday, April 29, 2025

Advance Economic Indicators Report - March 2025

April 29, 2025

CB25-65

Advance International Trade in Goods
The international trade deficit was $162.0 billion in March, up $14.1 billion from $147.8 billion in February. Exports of goods for March were $180.8 billion, $2.2 billion more than February exports. Imports of goods for March were $342.7 billion, $16.3 billion more than February imports.

Advance Wholesale Inventories
Wholesale inventories for March, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $908.0 billion, up 0.5 percent (±0.2 percent) from February 2025, and were up 2.3 percent (±0.7 percent) from March 2024. The January 2025 to February 2025 percentage change was revised from the preliminary estimate of up 0.3 percent (±0.2 percent) to up 0.5 percent (±0.2 percent).

Advance Retail Inventories
Retail inventories for March, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $805.8 billion, down 0.1 percent (±0.2 percent)* from February 2025, and were up 4.8 percent (±0.7 percent) from March 2024. The January 2025 to February 2025 percentage change was revised from up 0.1 percent (±0.2 percent)* to down 0.1 percent (±0.2 percent)*.