Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Hampel To Wash. Post: Trade Balance May Impact GDP Growth
WASHINGTON (7/9/13)--A recent dip in the U.S. foreign trade balance may impact the second-quarter gross domestic product (GDP) growth, a Credit Union National Association economist told The Washington Post Wednesday.
 
"The slight worsening of the balance of trade suggests our economy is growing faster than those of our trading partners," Bill Hampel, CUNA chief economist, told the Post in the article, "Drop in inventory sends U.S. crude oil prices over $100 a barrel,"  by Steven Mufson and Katerina Sokou.
 
The decline in exports may have a minor negative impact on second-quarter GDP growth this year or "at best have a neutral effect," he added.
 
U.S. imports rose to $232.1 billion in May--second only to record-level $234.3 billion in March 2012, the Post said.
 
Also, U.S. exports dropped 0.3%, to $187.1 billion in May from $187.6 billion in April, a decline prompted by economic weakness abroad, analysts said.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago