Send Article via Email

- Trade Gap $44.45 bln vs $42.6 bln consensus
- Exports down 1.2 vs +2.2 in Dec
- Imports +1.8 vs -2.6 in Dec
- Market Reaction: not much compared to Claims, Draghi

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised. January exports were $2.2 billion less than December exports of $186.6 billion. January imports were $4.1 billion more than December imports of $224.8 billion.

In January, the goods deficit increased $5.7 billion from December to $61.8 billion, and the services surplus decreased [forwardfullbody].6 billion from December to $17.3 billion. Exports of goods decreased $2.0 billion to $130.8 billion, and imports of goods increased $3.6 billion to $192.5 billion. Exports of services decreased [forwardfullbody].1 billion to $53.7 billion, and imports of services increased [forwardfullbody].5 billion to $36.4 billion.

The goods and services deficit decreased $7.8 billion from January 2012 to January 2013. Exports were up $5.8 billion, or 3.3 percent, and imports were down $2.0 billion, or 0.9 percent.

More from MND:

• MBS Commentary: MBS SPECIAL ALERT: Bernanke Confirms Stabled Stallion
• MBS Commentary: Differences Between Past and Current FOMC Statements
• MBS Commentary: MBS MID-DAY: Yesterday's Gains Erased Ahead of Fed
• Pipeline Press: Las Vegas and Eminent Domain; Dodd-Frank Update; HARP Date Petition; CFPB Reminders
• MND NewsWire: Mortgage Applications Continue Tumbling as Rates Rise

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.