GDP Hopes Slashed As Trade Deficit, Inventories Tumble In October

Friday, November 25, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Nov 25, 2016

The resurrected hopes of lift-off velocity GDP growth in America suffered a double whammy this morning. A considerably bigger than expected trade deficit (-$62mm vs -$59mm exp) suggests Q4 GDP growth may take a hit and then wholesale inventories tumbled 0.4% MoM (the 2nd biggest plunge in over 3 years) notching more potential from economic growth hopes.

The Rest…HERE

This entry was posted on Friday, November 25th, 2016 at 11:32 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed.

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