Wednesday, September 16, 2009

U.S. exports are rebounding (6)

August data covering outbound container shipments from the ports of Los Angeles and Long Beach continue to support the case that U.S. goods exports are rebounding quite strongly after last year's collapse. Container data appears to lead official trade data (the blue line) by a few months, so this means we should be seeing stronger export numbers as the year progresses. This is another sign that we have a V-shaped recovery underway.

No comments: