Excerpt: “Advance International Trade in Goods The international trade deficit was $122.1 billion in December, up $18.6 billion from $103.5 billion in November. Exports of goods for December were $167.5 billion, $7.8 billion less than November exports. Imports of goods for December were $289.6 billion, $10.8 billion more than November imports. Advance Wholesale Inventories Wholesale inventories for December, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $898.0 billion, down 0.5 percent (±0.2 percent) from November 2024, and were down 0.1 percent (±0.5 percent)* from December 2023. The October 2024 to November 2024 percentage change was revised from the preliminary estimate of down 0.2 percent (±0.4 percent)* to down0.1 percent (±0.4 percent)*Advance Retail Inventories Retail inventories for December, adjusted for seasonal variations and trading day differences, but not for price changes, were estimated at an end-of-month level of $823.3 billion, down 0.3 percent (±0.2 percent) from November 2024, and were up 5.7 percent (±0.7 percent) from December 2023. The October 2024 to November 2024 percentage change was revised from the preliminary estimate of up 0.2 percent (±0.2 percent)* to virtually unchanged (±0.2 percent)*”
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