Report
Data Round-Up: Trade Will Be a Drag on 18Q3 GDP, Offset by Inventory Build
posted by Michael Lewis on August 28, 2018
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Headline
The goods trade balance deteriorated to -$72B in July (vs. -$69 consensus expectation). Exports continued to retrench from May’s record-high, while imports are trending up.
Abstract
FMI’s analyses of today’s July Advance Indicators (Goods-trade, wholesale & retail inventories), June Case-Shiller Home Price Index, and August Conference Board Consumer Confidence reports as well as a review of today’s August Regional Fed Bank surveys.
About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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