No. 804: Trade Deficit, Construction Spending, Retail Sales and Other Revisions
First-Quarter 2016 Real Merchandise Trade Shortfall
Was Deepest Since Third-Quarter 2007
Narrowing of March 2016 Monthly Trade Deficit
Reflected Weakening Demand for Consumer Goods
First-Quarter Construction Spending Revised Sharply Lower
Volatile Real Spending Remained in Non-Recovery,
Ongoing Low-Level Stagnation
Annual Retail Sales Revisions Were Relatively Small, but with
Unusual Twists; Weaker Sales Seen with Better-Quality Data
Downside Revisions Loom for GDP Detail