8:30a International Trade in Goods (Advance)
Balance $-79.6B actual vs $-84.9B (rev) prior
Consensus Outlook
A deficit of $81.9 billion is expected in June for total goods and services trade which would compare with a $85.5 billion deficit in May. Advance data on the goods side of June's report showed a narrowing of nearly $6 billion in the deficit.
Definition
International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 48 countries and 7 geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.
8:30a Initial Jobless Claims
Initial Claims - Level 260K actual vs 254K (rev) prior
Initial Claims - Change 6K actual vs -5K prior
4-Week Moving Average 254.75K actual vs 248.75K (rev) prior
Consensus Outlook
Jobless claims for the July 30 week are expected to come in at 260,000 versus 256,000 in the prior week.
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
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