美国贸易逆差意外收窄 至2020年以来最小

Core Insights - The U.S. trade deficit unexpectedly narrowed in September to its smallest level since mid-2020, driven by an increase in exports [1][3] - The trade deficit for goods and services decreased by nearly 11% from the previous month, reaching $52.8 billion, while economists had forecasted a deficit of $63.1 billion [1][3] - U.S. exports rose by 3%, reaching the second-highest level on record, primarily supported by non-monetary gold and pharmaceutical preparations, while imports increased only modestly by 0.6% [1][3] Economic Impact - The fluctuations in trade due to U.S. tariff policies have caused significant monthly volatility in trade data, which in turn affects government economic activity indicators, particularly GDP [1][3] - The September trade data will assist economists in adjusting their estimates for third-quarter GDP [1][3] Adjusted Figures - According to the Atlanta Fed's GDPNow forecast, net exports contributed 0.86 percentage points to third-quarter growth [2][4] - After adjusting for inflation, the September goods trade deficit narrowed to $79 billion, marking the smallest level in nearly five years [2][4] - Adjusted for price changes, consumer goods exports reached a record high [2][4]