Yesterday’s trade figures have some good, some bad, and some stuff to have you reaching for a bracing dram.
The ugly, first: the trade deficit blew out to $1.183 billion for September. No one, not even the most terminally downbeat economist, expected that. Most were picking something around $800 million – not a million miles from August’s $750 million.
The good? Exports reached $10.9 billion, which is a new high.
Imports also hit a new high – $12.4 billion.