The 2020 Mid-Year Economic Update_long

Census Bureau Releases Two Advance Economic Indicators for December

The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both declined in December.
Advance Economic Indicators for December

The U.S. Census Bureau on Thursday released advance indicators showing that the international trade deficit and wholesale inventories decreased in December.

The international trade deficit was $82.5 billion in December, down $3 billion from $85.5 billion in November. Exports of goods for December were $133.4 billion, $5.9 billion more than November exports. Imports of goods for December were $215.9 billion, $2.9 billion more than November imports.

Wholesale inventories for December, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $650.4 billion, down 1.8% from December 2019 but up 0.1% from November. The October 2020 to November 2020 percentage change was unrevised from the preliminary estimate of virtually unchanged.

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