Consensus Outlook
The November goods deficit is expected to narrow to a consensus $75.7 billion vs $77.0 billion in October (revised from an initial $77.2 billion). November's results will offer an important input into fourth-quarter net exports which were negative in October after proving very unfavorable in the third quarter. Note that this report has been delayed and will be released when the government reopens.
Definition
This monthly report offers advance import and export data on the goods components of the monthly trade report. Goods make up roughly two-thirds of the nation's exports and roughly three-quarters of imports.
Note that data in the advance goods report are accounted for on a census basis and can differ slightly from subsequent data in the international trade report where goods data are accounted for on a balance of payment basis to adjust for changes in cross-border ownership. Why Investors Care