23 Aug 2022 US Monitor Could Foreign Trade and Inventories Drive 5% Q3 GDP Growth

Ian Shepherdson (Chief Economist and Founder)19th Aug 2022 09:15U.S., Daily Monitor

Net trade and inventories look set to drive up Q3 GDP growth; we tentatively look for about 5%.

Imports are falling as demand for inventories fades; retailers over-ordered and now have excess inventory.

New home sales likely fell again in July, and prices are now under severe pressure as supply mounts.

capex commodity prices deficit domestic demand foreign trade gdp forecasts gdp growth gdp numbers headline gdp growth home sales housing market imports inventories mortgage mortgage rates national accounts net foreign trade net trade new home sales oil oil prices policymakers q3 q3 gdp restocking sales data stocks trade trade data trade numbers u.s.

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23 Aug 2022 US Monitor Could Foreign Trade and Inventories Drive 5% Q3 GDP Growth

Related Publications

30 Sept 2022 UK Monitor

EZ Datanote: Advance Inflation, Germany, September

EZ Datanote: EC Sentiment, Eurozone, September 2022

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