The goods balance of trade is $-97.8 billion in November according to Census Bureau Advance Estimates.
The advance trade estimates are for goods only. The net deficit includes services.
- The international trade deficit was $97.8 billion in November, up $14.6 billion from $83.2 billion in October.
- Exports of goods for November were $154.7 billion, $3.3 billion less than October exports.
- Imports of goods for November were $252.4 billion, $11.3 billion more than October imports.
The Bloomberg Econoday economic consensus was $-86.0 billion in a range of $-88.7 billion to $-85.5 billion.
That's a miss by 13.7%.
Touch and Go for a New Net Record
The previous net record was $-81.44 billion. If the advance number holds and there are no back revisions, then we can calculate what the services number needs to be for a new record.
97.778 - 81.44 = 16.338
If the services surplus is less than $16.338 billion then we will have a new net record trade deficit.
Place Your Bets
Place your bets. This one is touch and go.
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