US July advance goods trade balance -102.66 billion vs -96.56 billion prior
Prior was -96.56 billionExports flat at $172.9 billionImports rise $6.1 billion to $275.6 billionCapital goods exports jump 3.8% m/mConsumer goods imports edge up 0.9% m/mThis number will be a pretty big drag at the start of Q3 for GDP. If there is a silver lining, the rise in imports does reflect some confidence on growth, sales and investment. This article was written by Adam Button at www.forexlive.com.
- Prior was -96.56 billion
- Exports flat at $172.9 billion
- Imports rise $6.1 billion to $275.6 billion
- Capital goods exports jump 3.8% m/m
- Consumer goods imports edge up 0.9% m/m
This number will be a pretty big drag at the start of Q3 for GDP. If there is a silver lining, the rise in imports does reflect some confidence on growth, sales and investment.
