A quick summary:

  • The monthly trade gap totaled USD 44.4 billion, higher than the market expectations of -42.6 bln
  • The Commerce Department also lowered its estimate of the December trade gap to $38.1 billion, from $38.5 billion previously
  • Fuel oil exports slumped and crude oil imports rose
  • Analysts do not see it changing the Q1 GDP too much though

meanwhile, back at the ECB the story contnues !