Sharp Narrowing in February 2017 Trade Deficit Reflected
Plunging Imports of Consumer Goods, Such as Autos and Cell Phones

Declining Consumer Demand and/or a One-Time Reporting Aberration?

First-Quarter 2017 Real Merchandise-Trade Is on Track for
Worst Deficit Since Third-Quarter 2007

Despite a Nominal 0.8% Monthly Gain in February Construction Spending,
Inflation-Adjusted Activity Remained in Stagnant Non-Recovery,
Headed for First-Quarter 2017 Quarterly and Annual Contractions

Consumers Face Continuing Income and Credit Stresses, Amidst Mixed Optimism