Details of the US trade balance for September are set for release from the Department of Commerce at 8:30 a.m. ET.
Economists estimate that the deficit shrank to $41 billion from $48.33 billion prior, according to Bloomberg.
The advance trade goods report released with the GDP report last week showed that the deficit — exports less imports — shrank to $58.6 billion, the smallest since February.
In a preview to clients, Wells Fargo economists wrote, wrote, “Looking at real exports and imports we can see the divergence more clearly. Imports have grown steadily on the back of improving domestic demand and the stronger dollar. Imports, on the other hand have declined over the past year as a result of the slowdown in global growth and decreased price competitiveness of U.S. produced goods. Preliminary data show the trade balance narrowing in September and we expect the trade balance to print at -$41.0 billion.”
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