US November trade data
- Prior was -$55.5 (revised to $55.7B)
- Ex petroleum -$48.69B vs $52.85B
- Exports -0.6% m/m
- Imports -2.9% m/m
- Goods balance -$71.59
- Services balance +$22.28B
The October reading was the worst since 2008 but this is a decent bounce.
In the bigger picture, the US shale revolution is masking some of the worst trade numbers ever.
