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 - Wednesday 3 July 2024 12:30

Previous
$-74.6B
Revised
-
Forecast
$-76.2B
Actual
$-75.1B

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

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-75.1B against a forecast of $-76.2B.

Past events

Date
Forecast
Actual
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
Tuesday 7 December 2021 13:30
$-67.5B
$-67.1B
Thursday 4 November 2021 12:30
$-74.1B
$-80.9B
Tuesday 5 October 2021 12:30
$-70.5B
$-73.3B
Thursday 2 September 2021 12:30
$-71B
$-70.1B
Thursday 5 August 2021 12:30
$-74.1B
$-75.7B

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
Michigan Consumer Sentiment IndexBullish change6666.4
UoM 5-year Consumer Inflation ExpectationBullish change2.9%3%
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.6%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0%0.1%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.6%2.5%
Personal Income (MoM)Bearish change0.4%0.2%
Personal SpendingBearish change0.4%0.3%
Core Personal Consumption Expenditures (QoQ)Bearish change3.7%2.9%
Durable Goods OrdersBearish change0.1%-6.6%
Durable Goods Orders ex DefenseBearish change0%-7%
Durable Goods Orders ex TransportationBullish change-0.1%0.5%
Gross Domestic Product AnnualizedBullish change1.4%2.8%
Gross Domestic Product Price IndexBearish change3.1%2.3%
Initial Jobless ClaimsBullish change243K235K
Nondefense Capital Goods Orders ex AircraftBullish change-0.9%1%
Personal Consumption Expenditures Prices (QoQ)Bearish change3.4%2.6%
New Home Sales Change (MoM)Bullish change-14.9%-0.6%
S&P Global Composite PMIBullish change54.855
S&P Global Manufacturing PMIBearish change51.649.5
S&P Global Services PMIBullish change55.356
Existing Home Sales Change (MoM)Bearish change-0.7%-5.4%
Initial Jobless ClaimsBearish change223K243K
Philadelphia Fed Manufacturing SurveyBullish change1.313.9
Industrial Production (MoM)Bearish change1%0.6%
Building Permits (MoM)Bullish change1.399M1.446M
Housing Starts (MoM)Bullish change1.314M1.353M
Retail Sales (MoM)Bearish change0.3%0%
Retail Sales Control GroupBullish change0.4%0.9%
Retail Sales ex Autos (MoM)Bullish change0.1%0.4%
NY Empire State Manufacturing IndexBearish change-6-6.6

About Goods and Services Trade Balance

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