Free Trial

Oct Trade Deficit $47.2b, China Trade Gap...>

US DATA
US DATA: Oct Trade Deficit $47.2b, China Trade Gap Dn 14.6% YTD
-----------------------------------------------------
- Oct trade deficit falls to $47.2b vs $47.5b BBG est
- Sep trade gap revised down to $51.1b (prev -52.5b)
- The NSA trade gap with China Fell to -$31.1b Oct from -$31.62b Sep 
- Ex-petro goods gap falls to -$67.58b, petro surplus at $0.78b
- The data suggest continuing drag from net exports on Q4 GDP
----------------------------------------------------------------------
The U.S. overall trade balance fell in October, dropping below $50b for 
the first time in over a year to the lowest level since March 2018. Both 
exports and imports were lower, with imports -- driven by declining 
goods imports -- at their lowest level in 2 years. The net balance with 
China narrowed slightly to $31.1b, although YTD it has fallen to $294.5 
vs $344.8 for the same period in 2018. The deficit with the EU widened 
to $16.4 bln in Oct and now stands at $149.5b YTD, and will no doubt 
come under greater Presidential scrutiny in coming months.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.