Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
5 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
7 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
8 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
8 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
8 hours ago