Another belated post full of graphy goodness.
No dramatic changes at the highest level. The trade deficit fell slightly, but the country is still over-consuming.
Even with the trade deficit falling, both exports and imports increased as a percentage of GDP.
Consumption of motor vehicles registered the greatest decline. The share of spending on cars and parts (but not transportation services or fuel) has fallen from 4.1% of GDP in 2002 to 2.7% in 2008.
Residential investment has fallen from a peak of 6.1% in 2005 to 3.4% in 2008. That's a huge change. The increase in non-residential structure investment over the same period made up for half of the fall in residential. But the sector is wildly over-supplied and thus spending is set to contract.
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