Trade Balance (Nov)
Exports holding up. Oil price jump and vol in aircraft shipments.
December exports are key for the quarter.
Import Price Index MoM (Dec)
Went down continuously for years, now going up.
And with outsourcing, this represents what was previously unit labor costs.
Import Prices YoY (Dec)
Now supporting ‘inflation’ as above.
Monthly Budget Statement (Dec)
Receipts holding up. This is a pretty good coincident indicator of GDP.