Although the trade deficit widened slightly to $40.7bn in August, from $39.5bn, net external trade is now on track to make a big contribution to third-quarter GDP growth. Elsewhere, the big rebound in the ISM non-manufacturing index in September is another reason to believe that, following a very lacklustre first half, GDP growth will be much stronger in the second half of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services