US June 2020 advanced goods trade data
- Prior was -$74.3B
- Imports $173.23B
- Exports $102.59B
- Exports -23.9% y/y
- Imports -17.2% y/y
This is notably better than expected and last month’s data but the overall volume of trade is still severely restrained, particularly in autos where exports are down 38% and imports down 42% from year-ago levels.
When you look at the full picture on trade, it’s far from v-shaped:
This article was originally published by Forexlive.com. Read the original article here.