Trade, the life blood of the global economy, has begun rebounding nicely since the trough of the global economic crisis. But, January’s US trade data unexpectedly displayed a decline in both exports–the first decline in nine months–and imports, leading to a smaller US trade deficit, but also implying a potential slowdown in global trade. As […]
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Trade Deficit
September’s trade deficit widened more than anticipated to -US$36.5B from a revised -US$30.8bn in August (originally -US$30.7bn). Exports rose by +2.9% to US$132.0B, while imports were up a more significant +5.8% to US$168.4B–with auto imports rising a substantial US$1.4bn. It is not at all unusual for the trade deficit to widen during the early stages […]