Prior was -29.4BGoods trade vs -56.57B prior
The big improvement in October data led to a jump in Q4 GDP forecasts.
Separately, the Q3 productivity report was released:
Productivity vs 4.9% expectedUnit labor costs vs -1.9% expected
The US International Trade in Goods and Services report, commonly known as the trade balance report, is a monthly economic indicator jointly released by the US Census Bureau and the Bureau of Economic Analysis. It measures the difference between the monetary value of exports and imports.
A positive value indicates a trade surplus, while a negative value—a consistent reality for the U.S. since 1975—represents a trade deficit. The report is a critical component for calculating gross domestic product and provides insight into consumer demand, manufacturing health, and the US dollar’s strength in global markets.
This article was written by Adam Button at investinglive.com.