According to advance good trade balance data from the Census Bureau, November saw the smallest goods trade deficit since before President Trump was elected.
The $63.2 billion deficit was considerably smaller than the $68.7 billion expected:
Imports fell 1.3% in Nov. to $199.568b from $202.249b in Oct.
Exports rose 0.7% in Nov. to $136.375b from $135.450b in Oct.
Auto exports rose 3.4%.
Another 'win' for Trump?
And if the relationship with Manufacturing PMI holds up, the deficit is set to shrink further...