The market generally accepts that over the months’ ahead companies will begin restocking dwindling inventories. In fact Goldman Sachs recently updated their 2H09 GDP forecast to 3.0% from 1.0% on the back of expected inventory restocking. This will undoubtedly have a positive effect on US industrial Production, manufacturing, and ultimately US GDP growth for a […]
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imports
The June trade balance widened to -US$27.0bn compared to -US$26.0bn the previous month, and a consensus forecast of -US$28.6bn. Exports rose +2.0% in the month to US$125.8bn, but were more than offset by an even bigger increase in imports at 2.3% to US$152.8bn. The primary driver behind June’s widening was higher energy related prices. The […]
BDI Revisited in new entry written 11/08/2008 Globalization and world trade has become the major growth force in emerging market economies and has significantly influenced developed nations as well. The big question is; how or has the US led slowdown affected this trend. There are of course a series of indicators we can look at […]