4 Mar 2016
US trade balance likely narrowed in January - Nomura
Research Team at Nomura, suggests that the US container data suggest that both exports and imports declined in January.
Key Quotes
“However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month. As a result, we forecast that the trade deficit narrowed to -$40.9bn in January from -$43.4bn in December. The trade balance for January could have a material impact on Q1 GDP tracking and is now especially important, given the impact of slower global growth and other external developments that have weighed on some domestic sectors.”
Key Quotes
“However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month. As a result, we forecast that the trade deficit narrowed to -$40.9bn in January from -$43.4bn in December. The trade balance for January could have a material impact on Q1 GDP tracking and is now especially important, given the impact of slower global growth and other external developments that have weighed on some domestic sectors.”