Keeping you up to date on the latest data releases.
- International Trade
In October, the US trade deficit contracted by $2.3 billion to $40.6 billion after increasing by $4.0 billion in September. October’s trade deficit came in slightly above the consensus forecast of $40.0 billion. Both imports and exports were up for the month, with exports climbing 1.8 percent and imports increasing 0.4 percent. October marks the first monthly increase in exports since the second quarter of 2013. On a year-over-year basis, imports jumped 3.6 percent, posting the largest yearly increase since April 2012. Exports advanced 5.5 percent, marking the largest yearly increase since June 2012.