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April shipments at 950,408 saw a 9.7% gain on an annual basis, which Panjiva said represents the fastest rate of growth going back to February 2016, and comes on the heels of a 8.7% annual gain in April that led to a 17.3% annual increase in the U.S. trade deficit.
Sticking to major themes echoed in its previous edition in December, the May edition of the Institute for Supply Management’s (ISM) Spring 2017 Semiannual Economic Forecast is pointing to continued growth in both the manufacturing and non-manufacturing sectors.