Supply Chain Research

Economists expect the U.S. goods deficit to fall to $63 billion in July, vs. $64.5 billion on a revised basis. Panjiva data for seaborne goods imports showed a 4.6% rise, driven by a strengthening from both China and the EU. Import prices, while still down on a year ago inched up 0.1% in July. Taken together these data-points suggest U.S. imports increased in July vs. June and vs. a year ago. The deficit could go higher.