Balance of Trade
Balance of Trade
About This Event
The balance of trade for July will be released.
Previous: $-63.7B
Forecast: $-68B
The balance of trade measures the difference in value between imported and exported goods and services. Higher than expected balance of trade is bullish, while lower than expected balance of trade is bearish.
The US trade gap narrowed to $58.3 billion in August 2023, the lowest since September 2020, and below forecasts of a $62.3 billion deficit. Exports rose 1.6% to a five-month high of $256 billion, led by crude oil; travel, which hit the highest level since December 2019; fuel oil; computer accessories; pharmaceutical preparations; semiconductors and financial services. On the other hand, sales fell for passenger cars; trucks, buses, and special purpose vehicles. Meanwhile, imports declined 0.7% to $314.3 billion, with purchases falling for cell phones and other household goods; semiconductors and electric apparatus. On the other hand, imports were up for crude oil; finished metal shapes; travel and transport. The deficit with China narrowed $1.3 billion to a five-month low of $22.7 billion. Exports decreased $0.2 billion to $10.9 billion and imports fell $1.4 billion to $33.7 billion. source: Bureau of Economic Analysis (BEA)
Why This Event Matters
Economic releases such as Balance of Trade are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is September 6, 2023 (America/New_York), subject to source updates.
Source summary: The balance of trade for July will be released.
Previous: $-63.7B Forecast: $-68B
The balance of trade measures the difference in value between imported and exported goods and services. Higher than expected balance of trade is bullish, while lower than expected balance of trade is bearish.
The US trade gap narrowed to $58.3 billion in August 2023, the lowest since September 2020, and below...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Balance of Trade?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Balance of Trade?
- The calendar shows Sep 6, 2023 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Balance of Trade matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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