Economy and macroUpdated November 4

Inflation-adjusted goods deficit rises as the nominal measure falls

The goods deficit tells two different stories depending on the measure. In nominal terms, it fell 0.5% to $135.9 billion. The measure after excluding inflation went the other way, rising 3% to $119.5 billion. Both are goods-only figures, distinct from the overall trade deficit, which stood at $105 billion. So the overall deficit narrowed even as the inflation-adjusted goods measure widened.

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Coverage started November 4