US November advance goods trade balance -90.27 billion vs -89.56 billion prior

Prior was -89.56BThere was no consensus estimate on trade but this would be the largest deficit since July and that will be a drag on Q4 growth. In a separate report, US wholesale and retail inventories for November also fell so that's another drag. Look for small downward revisions to the GDPNow tracker this week. This article was written by Adam Button at www.forexlive.com.

Dec 28, 2023 - 19:55
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US November advance goods trade balance -90.27 billion vs -89.56 billion prior
  • Prior was -89.56B

There was no consensus estimate on trade but this would be the largest deficit since July and that will be a drag on Q4 growth. In a separate report, US wholesale and retail inventories for November also fell so that's another drag. Look for small downward revisions to the GDPNow tracker this week.

This article was written by Adam Button at www.forexlive.com.
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