Keeping you up to date on the latest data releases.
- International Trade
In October, the U.S. trade deficit expanded by $2.0 billion to a level of $42.2 billion after increasing $2.3 billion the month prior. After increasing in September, both imports and exports plummeted in October resuming simultaneous declines seen in July and August. October’s report displays the expected weakness from the global slowdown. Imports fell 2.1 percent to a level of $222.8 billion, the largest monthly decline since February 2012. Exports, falling 3.6 percent in October to a level of $180.5 billion, posted the largest monthly drop since January 2009. On a year-over-year basis, imports fell 0.8 percent marking the first decrease since November 2009. Exports posted yearly gains of 1.0 percent after averaging 5.0 percent growth throughout 2012.