Lackluster Trade
wallstreetexaminer.com / by Jeffrey P. Snider •
This is a syndicated repost courtesy of Alhambra Investments. To view original, click here. Reposted with permission.
US imports rose 9% year-over-year (NSA) in March 2017, after being flat in February and up 12% in January. For the quarter overall, imports rose 7.3%, a rate that is slightly more than the 2013-14 comparison. The difference, however, is simply the price of oil. Removing petroleum, imports rose instead 6.3% in March and just 4% for the first quarter overall. The value of inbound crude oil expanded by more than 70% for the second straight month.
The post Lackluster Trade appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/06/lackluster-trade/
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