Trade Balance (Nov)
| Survey | -$59.5B |
| Actual | -$63.1B |
| Prior | -$57.8B |
| Revised | n/a |
Exports holding up. Oil price jump and vol in aircraft shipments.
December exports are key for the quarter.
Import Price Index MoM (Dec)
| Survey | 0.1% |
| Actual | 0.0% |
| Prior | 2.7% |
| Revised | 3.3% |
Went down continuously for years, now going up.
And with outsourcing, this represents what was previously unit labor costs.
Import Prices YoY (Dec)
| Survey | 10.5% |
| Actual | 10.9% |
| Prior | 11.4% |
| Revised | 12.1% |
Now supporting ‘inflation’ as above.
Monthly Budget Statement (Dec)
| Survey | $50.0B |
| Actual | $48.3B |
| Prior | $42.0B |
| Revised | n/a |
Receipts holding up. This is a pretty good coincident indicator of GDP.
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