October exports were quite strong, as I noted in a recent post, and now comes news from the ports of Los Angeles and Long Beach that November loaded outbound container shipments were strong as well. This suggests that November trade statistics will be strong as well. With strength evident in exports, retail sales, and manufacturing, fourth quarter GDP could come in as strong as 4-5%. Mark Perry has some more color on the activity at the Port of Los Angeles here.
If exports pay for imports then this down payment is good news.
ReplyDeleteCertainly, exports are good news. The dollar could be adjusted to a level that encourages more exports, and I hope ti does.
ReplyDeleteSurging exports and a trade-enhancing level of the dollar were a major factor in job growth in the 1990s.
And we need job growth badly.