Trade Balance in USA
USA - Trade BalanceA second estimate confirmed that the economy contracted in Q1, driven by lower private inventory investment and defense spending, and a negative contribution from net exports. However, the economy’s underlying strength remained intact, with private consumption and fixed investment gaining steam. Turning to Q2, GDP is likely rebounding and is set to grow above 3.0% in quarter-on-quarter SAAR terms, as the contributions from net exports, government spending and inventories improve. Moreover, consumer spending has so far remained robust in the face of elevated price pressures—as shown by brisk retail sales growth in April—thanks to strong employment gains, the fading impact of the pandemic and households running down savings. That said, widespread labor shortages are constraining business activity, and PMI data suggests the manufacturing sector lost some steam at the outset of Q2.
United States - Trade Balance Data
|Trade Balance (USD billion)||-761.9||-749.8||-799.4||-880.3||-864.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Trade Balance Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 31, 2023
The U.S. government reached its legal borrowing limit in January. Congress must now agree to raise or suspend the debt ceiling, but the polarized political landscape will complicate the talks. Failure to adjust the debt ceiling could have severe economic consequences. What happened: On 19 January, the nation reached its borrowing cap of USD 31.4 trillion.
January 26, 2023
GDP growth slowed to 2.9% in seasonally adjusted annualized rate terms (SAAR) in the fourth quarter, from 3.2% in the third quarter.
January 24, 2023
The S&P Global Flash Composite Purchasing Managers' Index (PMI) came in at 46.6 in January, up from December's 45.0.
January 18, 2023
Retail sales decreased 1.1% in month-on-month seasonally-adjusted terms in December, which followed November's 1.0% decrease.
January 12, 2023
Inflation came in at 6.5% in December, which was down from November’s 7.1% and matched market expectations.