02:23 PM EDT, 05/29/2026 (MT Newswires) -- Advance data for April showed the international trade deficit narrowed to $82.4 billion from $85.27 billion in March, reflecting a large increase in exports offset by a smaller increase in imports.

In the same report, wholesale inventories rose by 0.5% in April after a 1.5% gain in March, while retail inventories increased by 0.7% after a 0.7% gain. Excluding motor vehicle sales, retail inventories would be up 0.6%.

The Chicago PMI surged to 62.7 in May from 49.2 in April, the last regional manufacturing reading for the month. The ISM's national index is due to be released on June 1.

The Q2 GDPnow estimate from the St. Louis Fed is for a 1.047% gain, revised down from 1.320% gain in the previous estimate.