International Trade in Goods (October 2016)
– Goods Trade Deficit $62.0 billion. Previous was $56.1 billion
Exports were down 2.7%. This is the result of a weakening world economy and a stronger dollar. This also points out one problem with the President elect’s trade plans. A strengthening dollar makes achieving a smaller deficit akin to swimming upstream.
A large Trade Deficit hurts GDP.
PMI Services Flash (November 2016)
– Level 54.7. Previous was 54.8