Relevant:
- U.S. GDP Grows Below-Forecast 2.6% on Trade, Inventory Drags
- China April exports, imports decline more than expected
- German Stats Office Reports Shock Drop in July Exports, Imports (POINTS TO GLOBAL SLOWDOWN)
- U.S. consumer spending, trade data signal sluggish growth
- Bigger trade deficit suggests trade will drag on growth
2016-10-27 — bloomberg.com
With the biggest part of the economy -- consumer spending -- moderating, much of the projected pickup stems from a narrower trade deficit and a rebuilding of inventories. While a report Wednesday showed a gain in merchandise exports last month, a broad-based drop in imports indicated domestic demand weakened as the quarter drew to a close.
...
The narrower goods-trade gap in September was hardly a sign of strength, as imports of industrial supplies, capital goods and consumer merchandise all declined. What's more, exports are unlikely to be a reliable source of U.S. growth until global markets strengthen and the impact of a strong dollar fades, economists said.
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