US International trade balance for July -70.7B vs -70.3B estimate

• Trade balance for July 2022 -70.70B vs -70.3B estimate
• Goods trade balance (revised) for July -90.19B vs -89.06B preliminary. Last month -98.59B
• Services $20.44 billion surplus
• exports -0.2% vs. Junes -1.7%. Total exports 259.29 billion vs. 258.76 billion in June.
• imports -2.9% vs. June -0.2%. Total imports 329.94 billion vs. 339.64 billion
• China trade deficit $-34.4 billion vs. June deficit of $-36.95 billion
• capital goods imports $72.78 billion vs. June $72.29 billion
• oil imports price $102.27 vs. June $104.81. The prices up 56.8% from July 2021

The US runs a trade deficit on goods and a trade surplus of services. The goods trade deficit is at the lowest level since October when it reached $-82 billion. For the overall trade balance including services is at the lowest level since October 2021 when it reached -$67.1 billion.

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term