Economic Reports 01/10/07
Wholesale Inventories Nov +1.3% vs prior revised down +0.4% Full Report
Inside the number: In the past year, inventories +10.6%, sales +7.9%. Nondurable goods +2.8%, the biggest increase since April 1996.
Trade Balance Nov $58.2B vs prior revised down $58.8B Full Report
Inside the number: Gap narrowed 1%, 3rd straight decline, on a large drop in the dollar value of imported petroleum -9.5% to $15.6 B.
Ytd deficit +7.5% to $701.61B. Despite exports being at an all time high, this years deficit will surpass last years record $716.7B.
Inside the number: In the past year, inventories +10.6%, sales +7.9%. Nondurable goods +2.8%, the biggest increase since April 1996.
Trade Balance Nov $58.2B vs prior revised down $58.8B Full Report
Inside the number: Gap narrowed 1%, 3rd straight decline, on a large drop in the dollar value of imported petroleum -9.5% to $15.6 B.
Ytd deficit +7.5% to $701.61B. Despite exports being at an all time high, this years deficit will surpass last years record $716.7B.
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