- The October deficit was $42.2B (revised to $42.1B)
- Import prices down 0.1% in Dec
- Export prices also down 0.1%
- Exports rose 1.0% and imports rose 3.8%
- Imports of consumer goods up 11.2% m/m
A higher trade deficit is USD negative but overall it’s less negative because it comes on rising imports and exports, which is a positive sign for the domestic and global economy.
