The sharp widening in the trade deficit in October was mainly a result of the unwinding of the distortion caused by the spike in soybean exports earlier in the summer. It also suggests that net trade will be a drag on GDP growth in the fourth quarter.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services