- Australia: PSI (Sep-press), TD-MI Inflation Gauge Index, Average Weekly Job Ads (Sep)
- Korea: International Reserves (Sep); China: SOUFUN Urban Development and Management (Aug), Money Supply (revised) (Aug)
- Singapore: PMI (Sep); Korea: Average Monthly Wages (Jul)
- Jordan: GDP (Q2); U.A.E.: Land Transactions (Sep)
- US: Manufacturers' Shipments Inventories and Orders, Employment
- more updates...
Economy in Brief
EMU PPI Collapses as HICP Turns to Show Deflation
The August PPI in the EMU fell by 0.9% after falling by 0.3% in July...
U.S. Light Vehicle Sales Continue To Improve
Strength in employment and income combined with minimal pricing power continues to generate buying at new car...
U.S. ISM Factory Index Weakens to Two-Year Low; Prices Decline
Activity in the manufacturing sector is continuing to lose steam...
U.S. Construction Spending Improvement Slows Versus A Strong Spring
The value of construction put-in-place increased 0.7% during August following a downwardly revised 0.4% rise in July...
U.S. Initial Claims for Unemployment Insurance Edge Higher W/W; Trend Sideways
Today's Labor Department report on unemployment insurance applications suggests that the job market remains firm...
Japan's Tankan Survey Tails But Holds High
Japan's Tankan survey of large, medium-sized and small firms showed a drop in its bellwether large company index of manufacturers...
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|