- Singpore's HDB Resale Price Index Rebased to Q1 2009=100
- US: Consumer Sentiment (Jan-final), GDP (Q4, Adv), ECI (Q4)
- Consumer Sentiment Detail (Jan-final)
- US: NY Fed Coincident Indexes (Dec)
- US: Chicago PMI (Jan)
- Belgium: Flash GDP (Q4)
- Canada: GDP by Industry (Nov)
- US: Chicago Midwest Mfg (Dec)
- US: Selected NIPA Tables, Summary Key Source Data (Q4-Adv)
- more updates...
Economy in Brief
Chicago Purchasing Managers Index Remains Weak; Prices Collapse
The Chicago PMI for January ticked higher to 59.4 but remained down from 64.5 reached three months ago...
U.S. Employment Cost Index Moderates in Q4
The employment cost index for private industry workers rose 0.6% (2.1% y/y) in Q4'14, following an unrevised 0.7% Q3 rise...
The Germans in the Dell: the Cheese and the Germans Stand Alone
The unemployment rate turned lower in December in both the EU and EMU...
U.S. Initial Unemployment Insurance Claims Plunge to 2000 Low
Initial claims for unemployment insurance dropped to 265,000 during the week ended January 24 from 308,00 during the prior week...
U.S. Pending Home Sales Decline in December and for All of 2014
The NAR reported that pending sales of single-family homes declined 3.7% last month (+6.1% y/y) following a revised 0.6% November increase...
EMU Money and Credit Struggle Higher
EMU money and credit growth in December show signs of making progress...
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|