CD Media
Markets

You Won’t See This On Corrupt Media – Trade Balance Shrinking Under Trump

You Won't See This On Corrupt Media - Trade Balance Shrinking Under Trump
China Shipping trailer, Memphis, Tennessee
Image by Thomas R Machnitzki

The U.S. trade deficit is shrinking thanks to President Trump’s trade policies. The number is the smallest trade deficit since POTUS was elected in 2016.

The USD Goods Trade Balance (Nov) printed at -$63.19B vs -$68.75B consensus estimate.

In other economic news, Wholesale Inventories (Nov) PREL printed at 0.0 vs -0.3 estimate.

The Chicago Purchasing Managers’ Index (Dec) printed at 48.9 vs 48.0 estimate.

Pending Home Sales (YoY) (Nov) beat estimates at 7.4% vs 5.8% estimate.

Pending Home Sales (MoM) (Nov) printed at 1.2% vs 1.1% estimate.

Dallas Fed Manufacturing Index (Dec) missed, coming in at -3.2 vs estimate of 1.5.

Related posts

Trading firm Of Richest Crypto Billionaire Reveals Buying ‘A Lot More’ Bitcoin Below $30K

CD Media Staff

UPDATE: FALSE SIGNAL: Corrected By NY Fed…50 Basis Point Cut NOT Necessarily Back On The Table

CD Media Staff

US Housing Starts Go Boom!

CD Media Staff

1 comment

You Won’t See This On Corrupt Media – Trade Balance Shrinking Under Trump December 31, 2019 at 12:46 am

[…] piece originally appeared on CD Media and is used by […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky