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Economy in Brief
Texas Factory Sector Growth Eases
The Dallas Fed reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index backpedaled to 8.3 during March...
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The IFO diffusion index for March is unchanged...
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Wholesale Inventories and Sales Rise
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by By Robert Brusca September 12, 2007
Japan's current account surplus shrinks in July.
The terms of trade have turned against Japan over the past year as export prices rose by just 10.2% and import prices rose by 26.3%. Exports and imports have been in a broader slowing but in the recent three months they accelerated from Q1 weakness. Japan’s exports and imports are showing signs of catching on and reaccelerating after this slowdown. Japan’s surplus is reviving, albeit erratically.
| Jul-07 | Jun-07 | May-07 | 3-Mo | 6-Mo | 12-Mo | 12 mo Prev | |
| Current Account in $, Mln | $ 14,446 | $ 16,682 | $ 18,435 | $ 16,521 | $ 16,879 | $ 15,948 | $ 13,919 |
| IN Yen, 100 Mln | |||||||
| Overall Balance | 17,539 | 20,467 | 22,264 | 20,090 | 20,269 | 18,982 | 16,052 |
| Balance on Goods | 8,434 | 8,923 | 9,634 | 8,997 | 9,485 | 9,266 | 7,556 |
| Export Goods % SAAR | 0.1% | 1.0% | 4.6% | 25.1% | 4.6% | 11.1% | 29.8% |
| Import Goods %, SAAR | 0.9% | 2.4% | 8.4% | 67.7% | 17.1% | 11.8% | 33.7% |
| Services Balance | (2,371) | (1,898) | (2,060) | (2,110) | (2,085) | (1,966) | (1,795) |
| Prices In %, SAAR | |||||||
| Export Prices | -1.3% | 0.6% | 3.1% | 15.8% | 1.7% | 5.2% | 10.2% |
| Import Prices | -1.0% | 1.3% | 4.6% | 34.1% | 5.1% | 8.9% | 26.3% |
| Memo: Yen/$ | 121.41 | 122.69 | 120.77 | 121.62 | 120.26 | 119.03 | 115.29 |
