US July trade balance -$70.1B vs -$71.0B expected

US July trade balance data

• Prior was -$75.7B
• Goods trade balance -$86.8B vs -$86.3B prior
• US-China deficit $28.65B vs $27.84B prior
• Exports +1.3%
• Imports -0.2%
  

This is a sliver of good news for July but that's a small beat and it came on falling imports, which isn't a great sign for demand (and though, that's a small decline).

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September 03, 2021 at 12:30AM
Adam Button
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