Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Trade Deficit Spikes To 6-Year High Despite Tumbling Dollar
01-05-2018, 10:29 AM,
#1
Trade Deficit Spikes To 6-Year High Despite Tumbling Dollar
Trade Deficit Spikes To 6-Year High Despite Tumbling Dollar

<p><strong><em>Don't show President Trump this chart...</em></strong></p>

<p>While the equity markets are exuberant, today's payrolls data suggests all is not awesome, and the US trade balance print is just terrible.</p>

<p><strong>Despite the relative freefall in the US Dollar, </strong>the US trade deficit disappointed expectations, spiking above $50 billion.</p>

<p> </p>

<p><a href="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade.jpg"><img alt="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade.jpg" data-entity-type="file" data-entity-uuid="233bc3e5-082c-453b-b63e-975c35a6a088" height="289" src="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade.jpg" width="555" /></a></p>

<p><strong>This is the biggest trade deficit since January 2012</strong>.</p>

<p><strong>Imports rose 2.5% to a record $250.7b </strong>on more inbound shipments of consumer goods and industrial supplies.</p>

<p><strong>Exports climbed 2.3% to all-time high of $200.2b</strong>, led by increased shipments of automobiles, consumer merchandise and capital goods including commercial aircraft.</p>

<p>As Bloomberg notes, <strong>the widening trade gap could be a drag on fourth-quarter economic growth, keeping gross domestic product from advancing at least 3 percent on an annualized basis for a third straight quarter</strong>. Net exports added 0.36 percentage point to the 3.2 percent gain in third-quarter GDP.</p>

<p>In November, the unadjusted U.S. merchandise shortfall with China climbed to the highest since September 2015, while the gap with European Union countries was the largest in a year</p>

<p>Perhaps worse still, <strong>ex-Petroleum, this was the biggest trade deficit in US history...</strong></p>

<p> </p>

<p><a href="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade1.jpg"><img alt="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade1.jpg" data-entity-type="file" data-entity-uuid="ce807689-3fe0-4744-bf72-2c21b7ad7741" height="323" src="https://www.zerohedge.com/sites/default/files/inline-images/20180105_trade1.jpg" width="639" /></a></p><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/PmmiX1cHpsw" height="1" width="1" alt=""/>


http://feedproxy.google.com/~r/zerohedge...ing-dollar
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)