Analyst Disputes Census Bureau Trade Deficit Conclusion

January 13th, 2011
in econ_news

Econintersect:  An analyst disputes the conclusion drawn from Thursday's report from the U.S. Census Bureau and the BEA (Bureau of Economic Analysis).  The agencies concluded that, after seasonal adjustments, the U.S. trade deficit narrowed in November.

Follow up:

The analyst, Steven Hansen of Global Economic Intersection, says that, when the unadjusted data is used and year-over-year comparisons are made, the conclusion can be reached that the U.S. trade deficit widened, opposite the conclusion of the government agencies.

Hansen argues that seasonal adjustment factors, while usually reliable, are currently subjected to unusual distortions due to residual effects from The Great Recession and the course of recovery, which has significant differences from prior recoveries over the past 60 years.

Sources:  U.S. Dept. of Commerce press release and GEI Analysis Blog.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved