2018 Economic Calendar
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International Trade in Goods  
Released On 1/25/2018 8:30:00 AM For Dec, 2017
PriorConsensusConsensus Range
Balance$-69.7 B$-68.9 B$-69.5 B to $-66.8 B
Exports % change3.0 %
Imports % change2.7 %

Recent History Of This Indicator
The goods deficit in December is expected to narrow to a consensus $68.9 vs an unusually wide $70.0 billion in November ($69.7 billion initially reported). November's data actually pointed to very strong cross-border demand with goods exports rising a sharp 3.3 percent to $134.0 billion and imports, which however are a negative in the GDP calculation, up 3.0 percent to $204.0 billion. Also released with the report, and also GDP inputs, will be advance December data for wholesale inventories, where the build is seen at 0.3 percent, and retail inventories which are only expected to inch 0.1 percent higher.

Definition
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
 

2018 Release Schedule
Released On: 1/252/273/284/265/306/277/268/289/2710/2511/2812/28
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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