US advance goods trade deficit is forecasted to widen in November - TDS

The US advance goods trade deficit is forecast to widen in November as the third-quarter surge in soybean exports corrects expects Research Team at TDS.

Key Quotes

“TD looks for the deficit to push higher to $59.8bn, which is slightly wider than the $59.0bn market consensus. Stronger imports will also play a hand in the deteriorating goods deficit as the recent pickup in domestic demand should provide a tailwind to consumer goods imports. The only other noteworthy release is wholesale inventories for October, which are expected by the market to increase 0.2% on the month.”