Updated: 05-Nov-24 08:48 ET
| September Trade Balance |
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| Updated: 05-Nov-24 08:48 ET |
Highlights
- The September Trade Balance Report at 8:30 a.m. ET showed a widening in the trade deficit to $84.4 billion (Briefing.com consensus -$74.0 billion) from a revised $70.8 billion (from -$70.4 billion) in August.
- That widening was the result of exports being $3.2 billion less than August exports and imports being $10.3 billion more than August imports.
Key Factors
- Exports of capital goods decreased $1.9 billion.
- Exports of consumer goods decreased $1.4 billion.
- Exports of industrial Supplies and materials decreased $1.4 billion.
- Imports of consumer goods increased $4.0 billion.
- Imports of capital goods increased $2.8 billion.
- Imports of industrial supplies and materials increased $2.2 billion.
- The real goods deficit increased $11.6 billion to $100.1 billion.
Big Picture
- The key takeaway from the report is that the imbalance between exports and imports is indicative of a U.S. economy that is running stronger than its global counterparts.
| Category | SEP | AUG | JUL | JUN | MAY |
| Trade Deficit | -$84.4B | -$70.8B | -$78.9B | -$73.0B | -$75.3B |
| Exports | $267.9B | $271.2B | $266.5B | $265.3B | $260.8B |
| Imports | $352.3B | $342.0B | $345.4B | $338.3B | $336.1B |