US Trade Balance comes in at higher than expectations

Written July 10, 2009 at 8:31 AM EST by  

The expectation was for a -30B. The actual number came in at -26.0B. Lowest since 1999.  Imports since July 2004.

Exports rose by 1.6% while imports fell by -0.6%.

The Real or inflation adjusted Trade Balance also improved to -36.182B from -40.063 B in April.  The real Trade Balance is what is used to calculate GDP.  A smaller deficit is a net gain for GDP. 

Meanwhile Canada Trade Balance had a worse than expected Trade deficit of -1.4B. This is the largest deficit on record.  Imports fell by 3.5%.  Exports fell by -6.9%.

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