Emerging Markets

U.S. Monthly International Trade Deficit Decreased in October

“The U.S. monthly international trade deficit decreased in October 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.”

 

 

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services.

Here is an excerpt from the latest report:

The U.S. monthly international trade deficit decreased in October 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $81.4 billion in September (revised) to $67.1 billion in October, as exports increased more than imports. The previously published September deficit was $80.9 billion. The goods deficit decreased $14.0 billion in October to $83.9 billion. The services surplus increased $0.3 billion in October to $16.8 billion.

Today’s headline number of -67.12B was worse than the -66.8B Investing.com forecast.

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Here is a snapshot that gives a better sense of the extreme volatility of this indicator.


We will publish the next Trade Balance report on January 6.

 

Originally Posted by Advisor Perspectives