The reading improved from the prior $105.89 billion gap but came in slightly wider than the $100 billion forecast, suggesting the trade picture is still improving without delivering a clear upside surprise.
The US advance goods trade deficit narrowed to $101.5 billion, improving from the prior $105.89 billion reading but landing slightly above the $100 billion forecast. The result points to an intact improvement trend in the trade balance, though it fell short of the cleaner beat some markets were looking for.