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August 6, 2013

Trade Deficit Lowest since January 2010

August 6, 2013

Trade Deficit Lowest since January 2010

ICSC-Goldman Store Sales  (week ended 8/3/2013)

– Store Sales Week/Week +0.3%. Previous was -1.6%

– Store Sales Year/Year +2.5%. Previous was +2.2%

Redbook (week ended 8/3/2013)

– Store Sales Year/Year +3.7%. Previous was +2.9%.

International Trade  (June 2013)

– Trade Deficit was $34.2 billion for June.  Previous month was $45.0 billion.  This is the smallest Trade Deficit since January 2010.

Since the Trade Deficit for June was overestimated in last week’s GDP report, GDP will improve by about 0.2% with this new data.  The initial release of GDP has only 2 months of data for Exports and Imports and one month of estimate.