2008-06-10 US Economic Releases
Posted by WARREN MOSLER on June 10th, 2008
- Trade Balance (Released 8:30 EST)
- Trade Balance Ex Petrol (Released 8:30 EST)
- Trade Balance ALLX (Released 8:30 EST)
- IBD/TIPP Economic Optimism (Released 10:00 EST)
- ABC Consumer Confidence (Released 17:00 EST)
Trade Balance (April)
| Survey | -$60.0B |
| Actual | -$60.9B |
| Prior | -$58.2B |
| Revised | -$56.5B |
A bit of a backup due to petroleum prices but gradually getting smaller as CB’s and Monetary authorities have cut back their rate of accumulation of $US financial assets.
Trade Balance Ex Petrol (Apr)
| Survey | n/a |
| Actual | -$26.411B |
| Prior | -$26.284B |
| Revised | n/a |
This has been quickly reversing and offsetting the higher prices paid for crude oil imports.
Trade Balance ALLX (Apr)
Lots of interesting data here, as, in general, exports continue to increase at emerging market type rates.
IBD/TIPP Economic Optimism (Jun)
| Survey | 40.0 |
| Actual | 37.4 |
| Prior | 40.3 |
| Revised | n/a |
Inflation taking a bite into optimism.
ABC Consumer Confidence (June 8)
| Survey | -47 |
| Actual | -45 |
| Prior | -45 |
| Revised | n/a |
A little better but still low due to weak equities and high inflation.
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