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Net Exports

Trade Balance Widens to -US$27.0bn

The June trade balance widened to -US$27.0bn compared to -US$26.0bn the previous month, and a consensus forecast of -US$28.6bn.  Exports rose +2.0% in the month to US$125.8bn, but were more than offset by an even bigger increase in imports at 2.3% to US$152.8bn.  The primary driver behind June’s widening was higher energy related prices.  The […]