2017 Economic Calendar
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International Trade in Goods  
Released On 2/28/2017 8:30:00 AM For Jan, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Balance$-65.0 B$-64.4 B$-66.0 B$-68.0 B to $-64.8 B$-69.2 B
Exports % change3.0 %4.1 %-0.3 %
Imports % change1.8 %2.0 %2.3 %

The nation's goods gap widened sharply in January, to $69.2 billion which is well beyond December's revised $64.4 billion and outside Econoday's low estimate. Imports of consumer goods and also vehicles are once again the source of the trade mismatch, surging 4.8 percent and 2.9 percent respectively and helping to lift total imports by 2.3 percent. Exports fell 0.3 percent with weakness in capital goods, down a very sharp 4.6 percent, the unwanted standout feature, one that may deepen in the months ahead based on yesterday's durable goods report where related orders proved weak. This report will be bringing down early first-quarter GDP estimates.

Consensus Outlook
Forecasters see the nation's trade gap in goods narrowing slightly in January to $66.0 billion. Goods exports have been improving, starting 2016 at about $120 billion per month and moving up to about $125 billion by year's end. But imports of goods also trended higher, moving from $180 billion to $190 billion.

The Census Bureau is now publishing an advance report on U.S. international trade in goods. The Bureau of Economic Analysis will incorporate these data into its estimates of exports and imports for the advance GDP estimates. This is expected to reduce the size of revisions to GDP growth in the second estimates.

Note that data in the advance goods report are accounted for on a census basis and can differ slightly from subsequent data in the international trade report where goods data are accounted for on a balance of payment basis to adjust for changes in ownership that can occur without goods passing into or out of the US.  Why Investors Care

2017 Release Schedule
Released On: 1/262/283/284/275/256/287/278/289/2810/2611/2812/28
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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