Keeping you up to date on the latest data releases.
- International Trade
In December, the US trade deficit expanded by $4.1 billion to −$38.7 billion after contracting by a revised $4.5 billion in November ($5.0 billion previously). December’s expansion came in greater than consensus forecasts, which had predicted a $1.0 billion increase to a level of −$35.5 billion. December’s expansion was driven by a −1.8 percent decrease in exports and a 0.3 percent increase in imports. On a year-over-year basis, exports advanced 1.4 percent after increasing 5.2 and 5.9 percent on a yearly basis in November and October, respectively. Imports increased 1.3 percent year-over-year after falling 1.0 percent the month prior. December’s expansion in the trade deficit may reduce the positive impact October and November had on fourth quarter GDP.