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Wednesday, November 25, 2020

October Advance International Trade in Goods -80.3B vs. -$80.8B consensus

 Advance International Trade in Goods 

The international trade deficit was $80.3 billion in October, up $0.9 billion from $79.4 billion in September. Exports of goods for October were $126.0 billion, $3.4 billion more than September exports. Imports of goods for October were $206.3 billion, $4.4 billion more than September imports. 

Advance Wholesale Inventories 

Wholesale inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $646.2 billion, up 0.9 percent (±0.4 percent) from September 2020, and were down 2.7 percent (±0.9 percent) from October 2019. The August 2020 to September 2020 percentage change was revised from up 0.4 percent (±0.2 percent) to up 0.7 percent (±0.2 percent). 

Advance Retail Inventories  

Retail inventories for October, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $612.2 billion, up 0.8 percent (±0.2 percent) from September 2020, and were down 8.5 percent (±0.5 percent) from October 2019. The August 2020 to September 2020 percentage change was unrevised from the preliminary estimate of up 1.7 percent (±0.2 percent).

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