By CD Media Staff | December 30, 2019
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.
This piece originally appeared on CreativeDestructionMedia.com and is used by permission.
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of Steve Gruber.
Join the Discussion
COMMENTS POLICY: We have no tolerance for messages of violence, racism, vulgarity, obscenity or other such discourteous behavior. Thank you for contributing to a respectful and useful online dialogue.