Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Trade Deficit Shrinks To Smallest In 16 Months

Courtesy of ZeroHedge View original post here.

The US trade deficit shrank to its smallest since June 2018 in October, as trade with China extended its slide with goods imports from the nation dropping to a fresh three-year low.

The overall U.S. deficit in goods and services trade narrowed to $47.2 billion in October (less then the $48.5bn expected)…

Source: Bloomberg

Merchandise imports from China declined 4.8% from the prior month to $35.3 billion…

Source: Bloomberg

…while exports tumbled 17% to $7.49 billion, the least in almost a year

Source: Bloomberg

Perhaps most notably: U.S. OCT. SOYBEAN EXPORTS FALL 42% M/M TO $1.11 BLN

Finally, as Bloomberg notes, the report showed exports and imports both dropped and gave a hint of the impact of trade on fourth-quarter gross domestic product.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!