Trade Deficit Unexpectedly Widens; Investigating Bloomberg Econoday Spin

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

mishtalk.com / Mike “Mish” Shedlock / April 5, 2016

Economists were upbeat heading into today’s report on International Trade in Goods and Services by the BEA.

Exports did rise by $1.8 billion, but imports rose by $3 billion widening the trade gap.

Year-to-date, the goods and services deficit increased $10.8 billion, or 13.1 percent, from
the same period in 2015. Exports decreased $20.5 billion or 5.5 percent. Imports decreased
$9.7 billion or 2.1 percent.

Amusingly, Bloomberg Econoday finds strength in these numbers. Let’s take a look.

The Econoday consensus estimate was a trade gap of -46.2 billion in a range of estimates of -$46.8 billion to -$43.0 billion. That gap widened just outside the range to -47.1 billion. Here’s the Econoday spin.

Highlights

The nation’s February trade deficit came in at a wider-than-expected $47.1 billion in a report, however, that mostly points to rising cross-border demand.

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Thanks to BrotherJohnF