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27th Sep 2022 15:02U.S., Daily Monitor

  • Falling imports likely depressed the trade deficit again in August; net trade will boost Q3 GDP growth.
  • Inventory-building is slowing, but after valuation adjustment their Q3 GDP contribution will be positive.
  • The reported leap in August new home sales is a fluke reading; the trend clearly falling, with further to go.

deficit home sales imports net trade new home sales q3 q3 gdp trade trade deficit

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Keywords for: 28 Sept 2022 US Monitor

deficit, home sales, imports, net trade, new home sales, q3, q3 gdp, trade, trade deficit, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence