US: Trade balance likely to come in at a $51.2bn deficit – Nomura

Analysts at Nomura expect December’s trade balance to come in at a $51.2bn deficit (Consensus: $52.0bn deficit), widening from a $50.5bn gap in November.

Key Quotes

“According to the advance trade balance estimate released by the Census Bureau, both goods import and exports increased robustly while goods exports outpaced goods imports. However, we expect some moderation in net exports of services.”