Published: 2023-12-15T17:26:21.000Z
Preview: Due December 28 - U.S. November Advance Goods Trade Balance - Deficit seen unchanged with both exports and imports higher
Senior Economist , North America
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We expect an advance November trade deficit of $89.6bn, almost unchanged from October. We expect exports to rise by 0.9% while imports rise by 0.6%, but the gains will be similar in USD terms.
With export prices having fallen by more than import prices the pace of the goods increase will significantly outpace that of imports in real terms, supported by a rebound in autos from October strike activity and a strong month from Boeing exports. However ports data from Southern California suggest both imports and exports saw improved volumes in November.
