- US: Housing Starts by State and Region, New York Fed Coincident Indexes (May)
- France: Registered Unemployed & Job Vacancies (May)
- US: Advance Durable Goods, Final Building Permits (May)
- US: Regional Building Permits (May and YTD)
- Turkey: House Sales (May), Business Tendency Survey, Capacity Utilization Rates (Jun)
- Austria: IP, Turnover, New Orders (Apr), Productivity (Mar)
- Kazakhstan: Monetary Survey of Second Level Banks (May);
- more updates...
Economy in Brief
German IFO Echoes ZEW Optimism But What About Post-Brexit?
The IFO joins the ZEW index with a rise in June...
U.S. New Home Sales and Prices Decline
Strength in the housing market toned down during May. Sales of new single-family homes declined 6.0% to 551,000 (+8.7% y/y)...
U.S. Initial Unemployment Insurance Claims Tumble
Initial unemployment insurance claims declined to 259,000 (+5.3% y/y) during the week ended June 18...
U.S. Leading Economic Indicators Fall
The Conference Board's Composite Index of Leading Economic Indicators fell 0.2% during May (+1.2% y/y)...
Chicago Fed National Activity Index Deteriorates
The National Activity Index from the Chicago Fed declined to -0.51 during May, following one month in positive territory...
Euro Area Flash PMI Steps Back on Weak Services
The manufacturing sector stepped up in June while services stepped back...
by Louise Curley March 12, 2012
China's exports of goods declined a record $28 billion in February and imports increased $14.4 billion leaving the country with a $19.3 billion trade deficit, the largest in recent history and $42.2 billion larger than the deficit in 2011. Total exports, imports and the balance of trade are shown in the attached chart. Trade has usually been disrupted by the Chinese New Year--exports tend to decline and imports to rise around the New Year. Until recently, however, the impact had not been particularly unusual. Last year there was a small trade deficit of $2 billions in February for the first time. This year's big deficit suggests that in the future the impact of the New Year on the economy may continue to be more significant than it has been in the past. But, if this is the case, there is likely to be some make up in the coming months when exports will increase and imports decrease
Data on Chinese trade by country, except for the United States and the European Union, are only available with delays of several months. In addition these data do not include the revisions in the data, that are made in the total trade data. However, the 27 countries of the European Union and the United States make up a significant proportion of China's trading partners. Both the United States and the European Union improved their trade balances with China. The U. S. balance declined $4.9 billion to $15.2 billion in February of this year from $20 billion in January, while that in the EU declined much more, $7.8 billion from $11.7 billion to $3.9 billion. China's exports to the U.S. declined $4 billion in January and and imports from the U. S. 1ncreased $0.7 Billion.& For the EU, exports were down $4.5 billion and imports were up $3.3 billion.
|Feb'12||Jan'11||Feb'11||M/M Chg||Y/Y Chg||2011||2010||2000|
|China Total Trade in Goods|
|Trade With USA|
|Trade With EU|