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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.
US DATA
- The goods & services trade deficit was close to expected in December at -$62.2bn after a smaller than first thought -$61.9bn (initial -$63.2bn).
- It sees the three-month deficit at circa 2.7% GDP, a level it’s mostly sustained through 2H23 at the smallest deficits since mid-2020 and mostly back at pre-pandemic levels.
- Within the details, export goods volumes bounced 3.7% M/M after -2.1% M/M for decent momentum heading into Q1, whilst import goods volumes lifted +1.8% M/M after -2.5%. The net impact should be positive for GDP tracking.
- Import volume details have mixed implications for domestic demand: consumer imports were strong at 5.5% M/M in Dec after a particularly heavy -6.4% M/M which helps continue a volatile trend, whilst capital goods imports (-0.5% M/M) pulled back for a second month to chip away at strength in the fall.
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.
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