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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

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Keywords for: Q2 Rebound in Foreign Trade Likely to be Smaller than we Hoped

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