Keeping you up to date on the latest data releases.
- International Trade
In January, the US trade deficit expanded slightly by $0.1 billion to −$39.1 billion after expanding by a revised 3.8 billion in December ($4.1 billion previously). January’s expansion was just above the consensus forecast of −$39.0 billion. January’s uptick was driven by a 0.6 percent increase in exports and a 0.6 percent increase in imports. January’s 0.6 percent increase in both imports and exports contributed to the slight uptick in the overall deficit. On a year over year basis, exports advanced 3.0 percent after increasing by a revised 1.4 percent in December and 5.1 percent in November. Imports increased by 1.2 percent in January on a year-over-year basis, preceded by 1.4 percent revised growth in December and a reduction of −0.8 percent in November. Overall growth in the trade deficit was largely flat in January, having a small potential impact on first quarter GDP.