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Friday, 10/28/2016 9:04:20 AM

Friday, October 28, 2016 9:04:20 AM

Post# of 46663
A surge in soybean exports helped to shrink the trade deficit in the third quarter. Exports increased at a 10 percent rate, the biggest rise since the fourth quarter of 2013. As a result, trade contributed 0.83 percentage point to GDP growth after adding a mere 0.18 percentage point in the April-June quarter.

There are concerns that the soybean-driven export growth spurt could reverse in the fourth quarter. Economists, however, also note that exports of capital and consumer goods have been growing strongly in recent months.

FROM CNBC

LOL - You're telling me I better be buying soybeans because that's where all the extra GDP came from...Come on lol!

-Docenomics