The US goods trade deficit fell -4.9% MoM to $147.9 billion, above expectations of the deficit falling to $134.5 billion.

• Exports increased 4.1% MoM drive by vehicle exports up 12.7% MoM.
• Imports fell a much smaller -0.2% MoM with the largest decline in industrial supplies (-4.9% MoM).
• Wholesale inventories were up 0.3% MoM and 1.1% YoY.
• Retail inventories were up 0.1% MoM and 4.6% YoY.