Balance of Trade (BOT) definition
- The Balance of Trade or International Trade Balance is measured by subtracting the number of imports from the number of exports. A trade surplus occurs when the country exports more than it imports, whereas, the reverse scenario is known as a trade deficit. In a weak economy, a trade surplus can be advantageous, as it creates jobs, although in a strong economy, a trade deficit, can lead to more competitive pricing and lowered inflation. The BOT has a strong impact on the GDP, currency values, inflation and employment. The U.S. Department of Commerce publishes monthly and quarterly results.
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- Primary Market Indicators
- Unemployment rate
- Retail price index
- Producer price index
- Purchasing Managers Index
- Philadelphia Fed Survey
- Personal income
- Money supply
- Jobless Claims Report
- ISM Report On Business
- Import & Export Price Indices
- IFO Business Climate Index
- Gross Domestic Product (GDP)
- Factory Orders
- Existing Home Sales
- Durable Goods Orders
- Consumer price index (cpi)
- Consumer Confidence Index (CCI)
- Chain Store Sales Report
- Construction Spending Report
- Business Inventory Report
- Balance of Trade (BOT)
- APICS Business Outlook Index