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Goods and Services Trade Balance

The Goods and Services Trade Balance released by the Bureau of Economic Analysis and the US Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD.<

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Most recent - Wednesday 4 September 2024 12:30

$-73.1B

Revised

$-73B

Forecast

$-79B

Actual

$-78.8B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Tuesday 8 October 2024 12:30

Forecast

Actual

The typical/expected market impact of this event is low.

There is no forecast value for Goods and Services Trade Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-78.8B against a forecast of $-79B.

Past events

Date

Forecast

Actual

Wednesday 4 September 2024 12:30

$-79B

$-78.8B

Tuesday 6 August 2024 12:30

$-72.4B

$-73.1B

Wednesday 3 July 2024 12:30

$-76.2B

$-75.1B

Thursday 6 June 2024 12:30

$-76.1B

$-74.6B

Thursday 2 May 2024 12:30

$-69.1B

$-69.4B

Thursday 4 April 2024 12:30

$-67.3B

$-68.9B

Thursday 7 March 2024 13:30

$-63.5B

$-67.4B

Wednesday 7 February 2024 13:30

$-62.2B

Tuesday 9 January 2024 13:30

$-65B

$-63.2B

Wednesday 6 December 2023 13:30

$-64.1B

$-64.3B

Tuesday 7 November 2023 13:30

$-60.2B

$-61.5B

Thursday 5 October 2023 12:30

$-62.3B

$-58.3B

Wednesday 6 September 2023 12:30

$-65.8B

$-65B

Tuesday 8 August 2023 12:30

$-65B

$-65.5B

Thursday 6 July 2023 12:30

$-69.8B

$-69B

Wednesday 7 June 2023 12:30

$-75.2B

$-74.6B

Thursday 4 May 2023 12:30

$-63.3B

$-64.2B

Wednesday 5 April 2023 12:30

$-69B

$-70.5B

Wednesday 8 March 2023 13:30

$-68.9B

$-68.3B

Tuesday 7 February 2023 13:30

$-68.5B

$-67.4B

Thursday 5 January 2023 13:30

$-74B

$-61.51B

Tuesday 6 December 2022 13:30

$-79.1B

$-78.2B

Thursday 3 November 2022 12:30

$-72.2B

$-73.28B

Wednesday 5 October 2022 12:30

$-68B

$-67.4B

Wednesday 7 September 2022 12:30

$-70.3B

$-70.7B

Thursday 4 August 2022 12:30

$-80.1B

$-79.6B

Thursday 7 July 2022 12:30

$-84.9B

$-85.55B

Tuesday 7 June 2022 12:30

$-89.5B

$-87.1B

Wednesday 4 May 2022 12:30

$-107B

$-109.8B

Tuesday 5 April 2022 12:30

$-88.5B

$-89.2B

Tuesday 8 March 2022 13:30

$-87.1B

$-89.7B

Tuesday 8 February 2022 13:30

$-83B

$-80.73B

Thursday 6 January 2022 13:30

$-77.1B

$-80.2B

Tuesday 7 December 2021 13:30

$-67.5B

$-67.1B

Thursday 4 November 2021 12:30

$-74.1B

$-80.9B

Tuesday 5 October 2021 12:30

$-70.5B

$-73.3B

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Goods and Services Trade Balance result:

		Previous	Latest
Michigan Consumer Sentiment Index	Bullish change	69	70.1
UoM 5-year Consumer Inflation Expectation	(no change)	3.1%	3.1%
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.2%	0.1%
Core Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.6%	2.7%
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.2%	0.1%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	2.5%	2.2%
Personal Income (MoM)	Bearish change	0.3%	0.2%
Personal Spending	Bearish change	0.5%	0.2%
Pending Home Sales (MoM)	Bullish change	-5.5%	0.6%
Core Personal Consumption Expenditures (QoQ)	(no change)	2.8%	2.8%
Durable Goods Orders	Bearish change	9.9%	0%
Durable Goods Orders ex Defense	Bearish change	10.3%	-0.2%
Durable Goods Orders ex Transportation	Bullish change	-0.1%	0.5%
Gross Domestic Product Annualized	(no change)	3%	3%
Gross Domestic Product Price Index	(no change)	2.5%	2.5%
Initial Jobless Claims	Bullish change	222K	218K
Nondefense Capital Goods Orders ex Aircraft	Bullish change	-0.2%	0.2%
Personal Consumption Expenditures Prices (QoQ)	(no change)	2.5%	2.5%
New Home Sales Change (MoM)	Bearish change	10.3%	-4.7%
Housing Price Index (MoM)	Bullish change	0%	0.1%
S&P Global Composite PMI	Bearish change	54.6	54.4
S&P Global Manufacturing PMI	Bearish change	47.9	47
S&P Global Services PMI	Bearish change	55.7	55.4
Existing Home Sales Change (MoM)	Bearish change	1.5%	-2.5%
Initial Jobless Claims	Bullish change	231K	219K
Philadelphia Fed Manufacturing Survey	Bullish change	-7	1.7
Fed Interest Rate Decision	Bearish change	5.5%	5%
Interest Rate Projections - 1st year	Bearish change	4.1%	3.4%
Interest Rate Projections - 2nd year	Bearish change	3.1%	2.9%
Interest Rate Projections - 3rd year	(no change)	2.9%	2.9%
Interest Rate Projections - Current	Bearish change	5.1%	4.4%
Interest Rate Projections - Longer	Bullish change	2.8%	2.9%
Building Permits (MoM)	Bullish change	1.406M	1.475M
Housing Starts (MoM)	Bullish change	1.237M	1.356M
Industrial Production (MoM)	Bullish change	-0.6%	0.8%
Retail Sales (MoM)	Bearish change	1.1%	0.1%
Retail Sales Control Group	Bearish change	0.4%	0.3%
Retail Sales ex Autos (MoM)	Bearish change	0.4%	0.1%
NY Empire State Manufacturing Index	Bullish change	-4.7	11.5

About Goods and Services Trade Balance

Country:	United States
Currency:	USD
Source:	US Census Bureau
Category:	Capital Flows
Frequency:	Monthly

Related events

	Australia		Trade Balance (MoM)
	Australia		Exports (MoM)
	Australia		Imports (MoM)
	Canada		Current Account
	China		Imports (YoY)
	China		Exports (YoY)
	China		Trade Balance USD
	China		Trade Balance CNY
	China		Imports (YoY) CNY
	China		Exports (YoY) CNY
	Germany		Trade Balance s.a.
	Japan		Merchandise Trade Balance Total
	Japan		Exports (YoY)
	Japan		Imports (YoY)
	Japan		Current Account n.s.a.
	New Zealand		Exports
	New Zealand		Trade Balance NZD (YoY)
	New Zealand		Imports

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Goods and Services Trade Balance

Most recent - Wednesday 4 September 2024 12:30

Next event - Tuesday 8 October 2024 12:30

Trading range

Trading range after each Goods and Services Trade Balance event

Forecast history

Past events

Economic context

About Goods and Services Trade Balance

Related events