2020-12-04 01:55:01 01:55 12/04/20 12/0401:55 12/04/2001:55 | U.S. trade deficit preview: the October trade deficitU.S. trade deficit preview: the October trade deficit is expected to widen to -$65.2 B after narrowing to -$63.9 B in September. August's -$67.0 B was a 14-year high. Both exports and imports are projected improving for a fifth straight month as the recovery from the global shutdown in the spring continues. Exports are seen popping another 2.5% to $180.7 B after the prior 2.6% increase. Imports are estimated rising 2.3% to $245.9 B after edging up 0.5% in September. The trade deficit should average -$66.8 B in Q4 after gaps of -$64.8 B in Q3, -$55.0 B in Q2 and -$39.7 B in Q1. For the year, analysts expect a -$57.2 B average deficit, versus a -$48.1 B average in 2019. |
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