The U.S. January 2013 monthly trade deficit increased 16.2% to $44.45 billion after December's -20.9% trade deficit implosion. This month is all about oil imports and we suspect Hurricane Sandy potentially affected imports in December and why the wild swings. December had the lowest petroleum related imports since August 2009.
The U.S. November 2012 monthly trade deficit increased by 15.85%. This is an increase of $6.667 billion to give a monthly trade deficit of $48.731 billion. November's U.S. exports increased $1.744 billion or 0.96%. Imports soared by $8.410 billion which is a 3.8% increase from last month. The three month moving average gives a trade deficit of $43.691 billion and a increase of $2.05 billion.
The U.S. October 2012 monthly trade deficit increased by 4.9%, $1.963 billion to $42.24 billion. The trade deficit with China hit an all time monthly record of -$29.466 billion.
The U.S. September 2012 monthly trade deficit declined by -5.1%, or -$2.25 billion. August's trade deficit was revised down by -$427 million, which gives a 3.1% monthly increase instead of the originally reported 4.1%. While the press touts the lowest monthly trade deficit since December 2010, the reality is September gives the second largest China trade deficit in history.
The U.S. August 2012 monthly trade deficit increased 4.1%, or $1.75 billion. July's trade deficit was revised upward by $462 million, which gives a 1.4% monthly increase for July's trade deficit instead of the reported no change. For August, exports decreased by -$1.91 billion, or -1.0%. Imports declined by -$845 million, or -0.4%.
In September, Producer Price Index, or wholesale inflation, increased 1.1% for finished goods and is the 2nd month in row for a jump. August PPI increased 1.7%. Gasoline again is the cause, with prices surging 9.8%. Gasoline was the culprit for 80% of the energy index ballooning by 4.7%. Food also increased by 0.2%. Core PPI, which are finished goods minus food and energy prices, had no change for the month.
The U.S. July 2012 monthly trade deficit was essentially unchanged, and increased 0.25%, or $103 million, from June to $42.002 billion. Exports decreased $1.81 billion, or -0.98%. Imports declined $1.81 billion, or -0.80%. June's trade deficit was revised from $42.924 billion to $41.899 billion.
The U.S. June 2012 monthly trade deficitdeclined $5.12 billion to $42.924 billion. This is a -10.66% monthly decrease in the trade deficit, mainly due to increased exports. Exports increased $1.666 billion, or +9.09%. Imports declined $3.454 billion, a -1.49% decrease from May and mainly due to lower crude oil prices. This is the smallest monthly trade deficit in 18 months.
The U.S. May 2012 monthly trade deficitdeclined $1.91 billion to $48.68 billion. This is a 3.78% monthly decrease in the trade deficit, all due to reduced imports. Exports decreased $359 million, or -0.20%. Imports declined $1.55 billion, which is a -0.67% decrease from April. The decline in oil prices is the reason the trade deficit shrank for the month.
The U.S. April 2012 monthly trade deficitdeclined $2.56 billion to $50.06 billion. This is a 4.88% monthly decrease in the trade deficit. Exports decreased $1.53 billion, or -0.83%. Imports declined $4.09 billion, which is a -1.73% decrease from March. That said, don't be so overjoyed that the trade deficit declined.
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