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Economy in Brief
Japan’s METI Sector Indexes Rebound But Still Lag
Japan's economy continues to fight for revival...
U.S. Existing Home Sales Continue to Weaken, Dragging Down Prices
The NAR reported that sales of existing homes during September declined 3.4% to 5.150 million...
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration...
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September...
Philadelphia Fed Manufacturing Growth Continues; Pricing Pressure Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October...
by Robert Brusca August 21, 2007
Exports were up more strongly in June than were imports shrinking the Euro area trade deficit in the month. Exports have a reasonably strong history of growth across its main categories. Import growth also has been firm and broad-based. However, manufacturing exports and imports are the slowest year-over-year. Manufacturing exports are rising at an 8.8% pace compared to imports at 7.6%. But over short time horizons both export and import growth has slowed.
| M/M% | % SAAR | ||||
| Jun-07 | May-07 | 3M | 6M | 12M | |
| Balance* | €€ 5,217 | €€ 3,893 | €€ 4,211 | €€ 3,427 | €€ 1,563 |
| Exports | |||||
| All Exports | 1.7% | 0.6% | 8.8% | 4.9% | 10.1% |
| Food and Drinks | -- | 0.5% | 14.7% | 2.3% | 6.0% |
| Raw Materials | -- | 2.3% | 30.0% | 7.4% | 13.6% |
| MFG | -- | 0.8% | 4.6% | -0.1% | 8.8% |
| IMPORTS | |||||
| All Imports | 0.7% | 0.3% | 10.2% | -1.2% | 4.1% |
| Food and Drinks | -- | -0.1% | 15.8% | 7.4% | 6.0% |
| Raw Materials | -- | 2.3% | 14.7% | 5.4% | 16.3% |
| MFG | -- | 1.6% | 4.1% | 4.3% | 7.6% |
| *Eur mlns; mo or period average; Gray shaded areas lag one month | |||||
