2017 Economic Calendar
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International Trade in Goods  
Released On 10/26/2017 8:30:00 AM For Sep, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Balance$-62.9 B$-63.3 B$-63.9 B$-65.6 B to $-62.5 B$-64.1 B
Exports % change0.2 %0.1 %0.7 %
Imports % change-0.3 %-0.2 %0.9 %

The cross-border goods deficit widened to $64.1 billion in September vs Econoday's consensus for $63.9 billion and a revised $63.3 billion in August. September imports rose 0.9 percent on increases for capital goods, industrial supplies and food products. Exports rose 0.7 percent but strength was isolated to industrial supplies with capital goods, consumer goods, and vehicles all down.

This report includes preliminary data on September inventories for wholesalers, up 0.3 percent, and also retailers which fell 1.0 percent and which, together with the slightly wider-than-expected goods deficit, may trim back estimates for tomorrow's GDP report.

Consensus Outlook
The goods deficit in September is expected to widen to a consensus $63.9 vs $63.3 billion in August ($62.9 billion initially reported). Exports of consumer goods and vehicles as well as capital goods posted solid gains in August. Also released with the report will be advance September data for both wholesale inventories and retail inventories which, like net exports, are also GDP inputs.

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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