Published: 2024-02-06T13:10:47.000Z
Due February 7 - U.S. December Trade Balance - Deficit to fall to 4-month low
Senior Economist , North America
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We expect December’s trade deficit to fall to $60.8bn from $63.2bn in November, reaching a four month low, though trend continues to lack a clear direction.
We expect exports to rise by 2.2% more than fully reversing a November decline while imports rise by 1.0% in a partial reversal of November weakness.
For goods we expect exports to rise by 2.5% and imports to rise by 1.3% consistent with advance goods data already released. This was despite a 0.9% decline in export prices while import prices were unchanged in December. For services we expect an above trend 1.5% rise in exports and a 0.4% decline in imports, consistent with assumptions for services trade made with the advance GDP report.
