Trade Deficit Unexpectedly Widens; Investigating Bloomberg Econoday Spin

by Mike ‘Mish’ Shedlock
Mish Talk

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.

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