US July advance goods trade balance -102.66 billion vs -96.56 billion prior

  • US July advance 2024 trade data
US trade balance advance goods
  • Prior was -96.56 billion
  • Exports flat at $172.9 billion
  • Imports rise $6.1 billion to $275.6 billion
  • Capital goods exports jump 3.8% m/m
  • Consumer goods imports edge up 0.9% m/m

This number will be a pretty big drag at the start of Q3 for GDP. If there is a silver lining, the rise in imports does reflect some confidence on growth, sales and investment.

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