Slowing Global Demand and a Strong Dollar Pushed U.S.A. Goods Exports to a Seven-Month Low

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Slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter (fourth quarter 2022) if the trend persists.

The recent report from the Commerce Department, which followed on the heels of recent upbeat news on the economy ranging from consumer spending, the labor market to the services industry, did not change perceptions that the economy had got off to a solid start in the fourth quarter.

Read more about how the U.S. trade deficit has widened.