Balance of Trade
Balance of Trade
About This Event
The balance of trade for September will be released.
Previous: $-58.7B
Forecast: $-59.9B
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 widened slightly to $64.3 billion in October 2023, the highest in three months, compared to a downwardly revised $61.2 billion in September and forecasts of $64.2 billion. It reflects an increase in the goods deficit of $3.5 billion to $89.8 billion and an increase in the services surplus of $0.4 billion to $25.5 billion. Total exports went down 1% to $258.8 billion, led by gem diamonds, pharmaceutical preparations, jewelry, passenger cars, other automotive parts and accessories, trucks, buses, and special purpose vehicles and travel. On the other hand, sales rose for organic chemicals, nonmonetary gold, transport and financial services. Meanwhile, imports edged up a meager 0.2% to $323 billion, prompted by computers, drilling and oilfield equipment and travel while purchases of passenger cars went down. 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 November 7, 2023 (America/New_York), subject to source updates.
Source summary: The balance of trade for September will be released.
Previous: $-58.7B Forecast: $-59.9B
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 widened slightly to $64.3 billion in October 2023, the highest in three months,...
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 Nov 7, 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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