Long Term Perspective
Import growth accelerated in 2000 after briefly moderating its pace in 1999. To some extent, this represents increased demand for oil, but also capital goods.

Short Term Perspective
Import demand fell precipitously since the beginning of the year relative to year ago levels. The downward trend in imports suggests that foreign producers are being hurt by the softening trend in slower economic growth in the United States. This helps mitigate the drop in U.S. production.

Real GDP vs. Final Sales   •   Real Consumer Spending vs. Real Income   •   Debt Burden vs. Savings Rate

Business Fixed Investment vs. Net Cash Flow   •   New Orders   •   Housing Starts vs. Mortgage Rates

Merchandise Exports vs. Trade Weighted Dollar   •   Merchandise Imports vs. Trade Weighted Dollar