CD Media
Markets

UPDATE: US Trade Imbalance Shrinks Again, In Spite Of Boeing’s Troubles, Manufacturing Beats

US Trade Imbalance Shrinks Again, In Spite Of Boeing's Troubles

UPDATE: U.S. manufacturing surprised with today’s economic data beating estimates. Services also expanded more than expected.

ISM Non-Manufacturing PMI (Dec) printed at 55 vs 54.5 consensus estimate.

Factory Orders (MoM) (Nov) printed at -0.7 vs -0.8 estimate.


The U.S. trade deficit shrank more than expected in November even as Boeing orders plummeted as certification problems continued with the 737 Max aircraft.

USD Trade Balance (Nov) printed at -$43.1B vs -43.8B consensus estimate.

The significance of this trend cannot be underestimated. This is the lowest deficit since Trump was elected, and if it continues, which it will, the second term Trump trade numbers could be transformational for the American economy. This paradigm change will have a huge impact on the American gross domestic product going forward.

In short, you ain’t seen nothing yet.

Related posts

Fed Blackout Period In Effect, Earnings Season Peak Week

CD Media Staff

Boeing Pulls Down Dow After Weekend Crash

CD Media Staff

Report: Saudi Arabia And Russia Have Reached Oil Production Cut Deal…Oil Moves Higher 7%

CD Media Staff

1 comment

Markets Move On Iran Retaliatory Missile Attacks January 8, 2020 at 7:02 am

[…] UPDATE: US Trade Imbalance Shrinks Again, In Spite Of Boeing’s Troubles, Manufacturing Beats […]

Reply

Leave a Comment