Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

28th Jun 2022 00:20U.S., Daily Monitor

The first quarter’s massive surge in the trade deficit won’t be repeated in the second quarter…

…But the correction will be smaller than we hoped, so the 3.2pp hit to Q1 GDP will only partly reverse.

Consumer confidence likely fell sharply this month, responding to gas prices and the stock market drop.

deficit energy exports fed foreign trade gas prices gdp growth headline gdp growth headline index import price imports inventories June labor labor market May net foreign trade new york oil oil exports payrolls petroleum profit margins q1 q1 gdp q2 stock market stock prices surveys trade trade deficit u.s. unemployment us

This publication is only available to U.S. Economic Research (Monitor) subscribers

Related Publications

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States


United Kingdom

China +

Emerging Asia

Latin America


Consistently Right
Access Key Enabled Navigation
Keywords for: Q2 Rebound in Foreign Trade Likely to be Smaller than we Hoped

deficit, energy, exports, fed, foreign trade, gas prices, gdp growth, headline gdp growth, headline index, import price, imports, inventories, June, labor, labor market, May, net foreign trade, new york, oil, oil exports, payrolls, petroleum, profit margins, q1, q1 gdp, q2, stock market, stock prices, surveys, trade, trade deficit, u.s., unemployment, us, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence