The trade balance is still negative, but it is a lot smaller at -$34.2 Billion. Economists expected a deficit of -$43.5 Billion, and the prior period’s deficit was revised to -$44.1 Billion. You have to go back to October of 2009 to find a smaller trade deficit. This is good news for the economy.
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
225-342-0013
jbroussard@treasury.state.la.us
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