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Revised Exports Data Shows Clearer Trend April 19, 2018

Posted by geoff in News.
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The BEA made major revisions to the trade data this month, slightly improving the trend in export data. This is the chart I showed in January:

ExportsFebruary2018Report

…and here’s the current version:

ExportsApril2018Report

The new data looks a little cleaner, showing a smooth rise in exports from January 2017 to the present. Unfortunately the rise hasn’t been terribly impressive, amounting to only $24.5 billion over that time period.

At the same time one has to acknowledge that President Trump may be suppressing exports with his talk of tariffs and renegotiating trade deals. The slower growth may reflect an investment in downstream growth, i.e., we take a hit in growth now while he cleans up the trade situation. Then we can enjoy higher growth later.

Whatevs. I’ll just keep plotting along…

Comments»

1. Cathy - April 19, 2018

Plot? Are you allowed to ‘say’ that…!!??


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