International Trade Report

Importance: Moderate
Volatility: Moderate
Source: The Census Bureau and the Bureau of Economic Analysis of the Department of Commerce.
Release Time: 8:30 ET around the 20th of the month.
Coverage: Two months prior
Web: http://www.census.gov/foreign-trade/www/press.html

This report reflects trends in the overall trade balance. Export data reflect a strengthening competitive position at home and may also indicate that growing economies abroad are aiding U.S. growth. Imports reflect domestic demand, however this report is relatively late among consumption indicators. The volatility in the monthly trade balance can impact GDP forecasts. The Trade Report gives an early indication of the net export performance each quarter, a somewhat volatile component of GDP.