Global| Sep 04 2019TT
Summary
The U.S. trade deficit in goods and services eased to $54.0 billion during July from $55.5 billion in June..... The international trade data, including relevant data on oil prices, can be found in Haver's USECON database. Detailed [...]
The U.S. trade deficit in goods and services eased to $54.0 billion during July from $55.5 billion in June.....
The international trade data, including relevant data on oil prices, can be found in Haver's USECON database. Detailed figures on international trade are available in the USINT database. The expectations figures are from the Action Economics Forecast Survey, which is carried in AS1REPNA.
| Foreign Trade in Goods & Services (Current $) | Aug | Jul | Jun | Aug Y/Y | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| U.S. Trade Deficit ($ bil.) | 54.90 | 54.04 | 55.51 | 54.89 (8/18) |
627.68 | 550.12 | 502.98 |
| Exports of Goods & Services (% Chg) | 0.2 | 0.6 | -1.9 | 0.1 | 6.3 | 6.2 | -2.2 |
| Imports of Goods & Services (% Chg) | 0.5 | -0.1 | -1.7 | 0.0 | 7.8 | 6.8 | -1.7 |
| Petroleum (% Chg) | -7.7 | 0.3 | -13.9 | -23.7 | 20.8 | 27.2 | -19.4 |
| Nonpetroleum Goods (% Chg) | 1.2 | -0.3 | -0.9 | 1.3 | 7.5 | 5.5 | -1.3 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
More Economy in Brief
