
In Focus: U.S. auto imports The Road(s), Less Traveled
Here, we look in brief at causes for concern and what the future made hold for U.S. imports now and beyond the present scope of our forecast.

Here, we look in brief at causes for concern and what the future made hold for U.S. imports now and beyond the present scope of our forecast.

U.S. seasonally-adjusted real trade data showed a notable upturn in the month of January, with imports gaining across a range of categories. While real imports ended up nearly flat over January 2022, there was substantial variation across subcategories.

U.S. seasonally-adjusted real trade data showed a notable upturn in the month of January, with imports gaining across a range of categories. While real imports ended up nearly flat over January 2022, there was substantial variation across subcategories.

Pay attention when credit gets murky. When the Consumer Financial Protection Bureau (CFPB) turned its attention to Buy Now, Pay Later (BNPL) last year, it was a sign of something potentially amiss.

January’s retail sales numbers show that U.S. consumers are still buying, though not evenly across all sectors and only at a moderate pace. When smoothed and adjusted for goods inflation – or even deflation! – a different view emerges from the ebullient headline numbers.

January’s retail sales numbers show that U.S. consumers are still buying, though not evenly across all sectors and only at a moderate pace. When smoothed and adjusted for goods inflation – or even deflation! – a different view emerges from the ebullient headline numbers.

January’s retail sales numbers show that U.S. consumers are still buying, though not evenly across all sectors and only at a moderate pace. When smoothed and adjusted for goods inflation – or even deflation! – a different view emerges from the ebullient headline numbers.

Though December’s trade numbers seemed to show steady growth in real terms, 2022 was a year of wild swings from month to month and category to category. Zooming out, we see that imports remain above their pre-pandemic trend, while exports have yet to regain their trend line.