September Trade Deficit As Expected At......>

US DATA: September Trade Deficit As Expected At -$52.5b 

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- Sep trade deficit narrowed to -$52.5b vs -52.4b BBG 

- Aug trade gap revised slightly wider to -$55.0b (prev -$54.9b) 

- The NSA trade gap with China narrowed to -$31.6b vs -$31.8b Aug 

- Petro surplus $0.3b; highest on record 

- Ex-petro goods gap narrowed to -$70.7b vs -72.7b Aug 

- Sep imports of services ($49.9b) highest on record 

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The September goods and services trade deficit narrowed to -$52.5b from 

-$55.0b in August. Exports fell by $1.8b, namely on soybean and auto 

exports, which both decreased $1.0b. September imports fell $4.4b, 

primarily on consumer goods which declined by $2.5b. But imported 

services increased by $0.1b to $49.9b, the highest on record. And 

speaking of records, the petroleum trade balance posted its first 

surplus since the current definition was established in 1978, coming in 

at $0.3b.