{"id":12845,"date":"2020-01-15T09:30:00","date_gmt":"2020-01-15T08:30:00","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=12845"},"modified":"2020-01-15T09:39:47","modified_gmt":"2020-01-15T08:39:47","slug":"united-states-trade-deficit-falls-sharply","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/united-states-trade-deficit-falls-sharply\/","title":{"rendered":"United States trade deficit falls sharply"},"content":{"rendered":"

Chart of the week<\/h2>\n

Latest data show that the US trade balance significantly improved in October and November, falling from \u00a0$53 billion in September to $43 billion two months later. The improvement was primarily due to lower imports.<\/p>\n

\"\"<\/p>\n

Our analysis<\/b><\/h2>\n

Fewer imports from China are the main reason behind the improvement. While direct monthly comparisons cannot be made from the per-country data, we can see that imports from China between November 2018 and November 2019 fell by $10 billion, a number in line with the overall fall in imports over the period.<\/p>\n

Other things equal, the fall-off in imports is positive for fourth-quarter growth. However, offsetting this effect are monthly inventory figures that reveal significant reductions. As a result, the net effect of these two factors on US growth is likely to be limited.<\/p>\n

 <\/p>\n

See also :<\/p>\n

https:\/\/lazardfreresgestion-tribune.com\/better-growth-in-emerging-countries\/<\/p>\n

 <\/p>\n

The opinion expressed above is dated 9 January 2020, and liable to change.<\/em><\/p>\n

This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 – Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES – 75008 PARIS, FRANCE<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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