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Trade Deficit Unexpectedly Widens: Exports Sink, Imports Up Sharply
Tuesday, February 28, 2017 16:11
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mishtalk.com / Mike “Mish” Shedlock / February 28, 2017
Economists are on a roll today. Not a single economist got 4th quarter GDP correct and not a single economist got the trade deficit correct. In both cases, economists were overly optimistic.
The Bloomberg Econoday consensus estimate for international trade was -66.0billion in a range of -68 billion to -64.8 billion. The report shows -69.2 billion.
The nation’s goods gap widened sharply in January, to $69.2 billion which is well beyond December’s revised $64.4 billion and outside Econoday’s low estimate.
The post Trade Deficit Unexpectedly Widens: Exports Sink, Imports Up Sharply appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/02/28/trade-deficit-unexpectedly-widens-exports-sink-imports-up-sharply/
