US trade deficit for January $-68.3 billion vs -$68.9 billion estimate.

• Prior month $-67.4 billion revised to $-67.2 billion
• International trade deficit for January 2023 -68.3 being dollars versus -$68.9 billion estimate
• good trade balance $-91.09 billion versus -91.5 billion preliminary. Last month -89.67 billion
• exports came in at $257.5 billion or $8.5 billion more than December. Exports were up 3.4% on the month
• imports came in at $325.8 billion or up $9.6 billion more than December. Imports were up 3.0% on the month

The January increase in goods and services deficit reflected a decrease in goods deficit of $0.6 billion to $90.1 billion in a decrease in the services surplus of $1.7 billion to $21.8 billion.

Year-over-year, the goods and services deficit decreased $19.2 billion or 21.9% from January 2022. Exports increased $30.2 billion or 13.3%. Imports increased $11.0 billion or 3.5%.

For the full report click here

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term