U.S. trade growth may be slowing. Panjiva analysis of exports from seven major ports shows outbound container handling increased by just 0.3% on a year earlier, due to a slowdown at Long Beach. That was the slowest rate of growth since a small contraction in June 2016. Export price inflation meanwhile slowed to 1.4%. It would take a marked recovery in other transport modes – which have fallen in 11 of the past 12 months – for export growth to beat 2%. Imports meanwhile may have expanded by just under 4% as growing seaborne shipments offset a dip in prices. An increased goods deficit is l...
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