Goods and Services Trade Balance

The Goods and Services Trade Balance released by the Bureau of Economic Analysis and the US Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD.<

Most recent - Thursday 5 December 2024 13:30

Previous
$-84.4B
Revised
$-83.8B
Forecast
$-75B
Actual
$-73.8B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Thursday 9 January 2025 13:30

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Goods and Services Trade Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-73.8B against a forecast of $-75B.

Past events

Date
Forecast
Actual
Thursday 5 December 2024 13:30
$-75B
$-73.8B
Tuesday 5 November 2024 13:30
$-84.1B
$-84.4B
Tuesday 8 October 2024 12:30
$-70.6B
$-70.4B
Wednesday 4 September 2024 12:30
$-79B
$-78.8B
Tuesday 6 August 2024 12:30
$-72.4B
$-73.1B
Wednesday 3 July 2024 12:30
$-76.2B
$-75.1B
Thursday 6 June 2024 12:30
$-76.1B
$-74.6B
Thursday 2 May 2024 12:30
$-69.1B
$-69.4B
Thursday 4 April 2024 12:30
$-67.3B
$-68.9B
Thursday 7 March 2024 13:30
$-63.5B
$-67.4B
Wednesday 7 February 2024 13:30
$-62.2B
$-62.2B
Tuesday 9 January 2024 13:30
$-65B
$-63.2B
Wednesday 6 December 2023 13:30
$-64.1B
$-64.3B
Tuesday 7 November 2023 13:30
$-60.2B
$-61.5B
Thursday 5 October 2023 12:30
$-62.3B
$-58.3B
Wednesday 6 September 2023 12:30
$-65.8B
$-65B
Tuesday 8 August 2023 12:30
$-65B
$-65.5B
Thursday 6 July 2023 12:30
$-69.8B
$-69B
Wednesday 7 June 2023 12:30
$-75.2B
$-74.6B
Thursday 4 May 2023 12:30
$-63.3B
$-64.2B
Wednesday 5 April 2023 12:30
$-69B
$-70.5B
Wednesday 8 March 2023 13:30
$-68.9B
$-68.3B
Tuesday 7 February 2023 13:30
$-68.5B
$-67.4B
Thursday 5 January 2023 13:30
$-74B
$-61.51B
Tuesday 6 December 2022 13:30
$-79.1B
$-78.2B
Thursday 3 November 2022 12:30
$-72.2B
$-73.28B
Wednesday 5 October 2022 12:30
$-68B
$-67.4B
Wednesday 7 September 2022 12:30
$-70.3B
$-70.7B
Thursday 4 August 2022 12:30
$-80.1B
$-79.6B
Thursday 7 July 2022 12:30
$-84.9B
$-85.55B
Tuesday 7 June 2022 12:30
$-89.5B
$-87.1B
Wednesday 4 May 2022 12:30
$-107B
$-109.8B
Tuesday 5 April 2022 12:30
$-88.5B
$-89.2B
Tuesday 8 March 2022 13:30
$-87.1B
$-89.7B
Tuesday 8 February 2022 13:30
$-83B
$-80.73B
Thursday 6 January 2022 13:30
$-77.1B
$-80.2B

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Goods and Services Trade Balance result:

PreviousLatest
Initial Jobless ClaimsBearish change225K242K
Producer Price Index (MoM)Bullish change0.3%0.4%
Producer Price Index (YoY)Bullish change2.6%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change3.1%3.4%
Monthly Budget StatementBearish change$-257B$-367B
Consumer Price Index (MoM)Bullish change0.2%0.3%
Consumer Price Index (YoY)Bullish change2.6%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.3%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.3%3.3%
Nonfarm Productivity(no change)2.2%2.2%
Unit Labor CostsBearish change1.9%0.8%
Michigan Consumer Sentiment IndexBullish change71.874
UoM 5-year Consumer Inflation ExpectationBearish change3.2%3.1%
Average Hourly Earnings (MoM)(no change)0.4%0.4%
Average Hourly Earnings (YoY)(no change)4%4%
Labor Force Participation RateBearish change62.6%62.5%
Nonfarm PayrollsBullish change36K227K
U6 Underemployment RateBearish change7.7%7.8%
Unemployment RateBearish change4.1%4.2%
Initial Jobless ClaimsBearish change215K224K
Challenger Job CutsBullish change55.597K57.727K
Factory Orders (MoM)Bullish change-0.2%0.2%
ISM Services Employment IndexBearish change5351.5
ISM Services New Orders IndexBearish change57.453.7
ISM Services PMIBearish change5652.1
ISM Services Prices PaidBullish change58.158.2
S&P Global Composite PMIBearish change55.354.9
ADP Employment ChangeBearish change184K146K
JOLTS Job OpeningsBullish change7.372M7.744M
ISM Manufacturing Employment IndexBullish change44.448.1
ISM Manufacturing New Orders IndexBullish change47.150.4
ISM Manufacturing PMIBullish change46.548.4
ISM Manufacturing Prices PaidBearish change54.850.3

About Goods and Services Trade Balance

Country:United States
Currency:USD
Source:US Census Bureau
Category:Capital Flows
Frequency:Monthly
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