2017 Economic Calendar
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International Trade  
Released On 11/3/2017 8:30:00 AM For Sep, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Trade Balance Level$-42.4 B$-42.8 B$-43.4 B$-44.2 B to $-42.3 B$-43.5 B

The nation's trade deficit widened slightly to $43.5 billion in September from August's revised $42.8 billion. Exports rose 1.1 percent in the month to $196.8 billion but in a gain offset by a 1.2 percent rise for imports to $240.3 billion.

Exports of industrial supplies jumped $1.9 billion in the month to $38.4 billion yet with most other components, including the key capital goods group, showing declines. A plus is exports of services which rose a solid 0.4 percent to $66.2 billion in the month.

Imports of capital goods were especially strong in the month, at $41.1 billion for a $1.1 billion gain that underscores the uplift underway in U.S. business investment. Imports of consumer goods rose slightly to $49.2 billion with oil imports down slightly, to $9.2 billion. Imports of services jumped 1.0 percent to $44.3 billion.

The strength of capital goods imports may be a negative in the GDP calculation but it is a positive for the U.S. economy, pointing to new equipment and better growth ahead. Exports in today's report are mixed but still consistent with solid cross-border demand.

Consensus Outlook
The international trade deficit narrowed in August to $42.4 billion as exports rose and imposts fell. Advance data for September showed a slight widening in the goods portion of the deficit with widening the overall call for the month, to $43.4 billion.

International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 48 countries and 7 geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.  Why Investors Care
Exports grow when foreign economies are strong. The weaker the foreign exchange value of the dollar, the less expensive goods and services are to foreigners, and this also helps spurt export activity. Imports grow when U.S. economic growth is robust. Imports are also spurred by a strong foreign exchange value of the dollar.
Data Source: Haver Analytics
The nation's international trade balance has been in continuous deficit since the 1980s. Yet trade, even though in deficit, can still add to GDP provided the deficit is narrowing. A deepening deficit is a negative for GDP.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/62/73/74/45/46/27/68/49/610/511/312/5
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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