Vital Signs: Will Inventories, Trade Gap Improve?

On tap: April international trade, factory orders and wholesale sales data, national nonmanufacturing activity survey for May

The economy stalled in the first quarter. The revised figures released on May 31 showed real gross domestic product grew at an annualized rate of 0.6%, from 1.3%. The revised GDP figures revealed a larger trade deficit and a small decline in inventories. Each subtracted a percentage point from first-quarter growth. However, upcoming data is expected to look more positive.

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