- Japan: Industrial Production (Prelim-Jun), Intl Trade (Jun)
- New Zealand: Building Consents Issued (Jun)
- Korea: Economic Sentiment and Business Survey Index (Jul), Equipment Investment Index (Jun)
- Macedonia IP Index (June)
- US: Bankruptcy Filings (Apr-Jun, Q2, 2014)
- US: Housing Vacancies & Homeownership (Q2), Consumer Confidence (Jul), S&P/Case-Shiller Home Prices (May)
- more updates...
Economy in Brief
U.S. Gasoline Prices Return to March Low
The price for a gallon of regular gasoline declined another five cents last week to $3.54 (-2.9% y/y)...
U.S. Chain Store Sales Hold On To Earlier Gains
The International Council of Shopping Centers and Goldman Sachs reported that chain store sales nudged 0.2% higher last week...
Spain's Retail Sales Sink in June
The chart shows how mightily Spain's retail sales have fallen...
U.S. Pending Home Sales Backpedal But Remain Firm
Pending sales of single-family homes fell 1.1% (-7.2% y/y) during June...
Dallas Fed Factory Sector Indexes Improve; Outlook is Mixed
The Dallas Fed reported that its July Composite index covering Texas factory sector activity improved to 12.7...
Italian Business Sentiment Tails Off
Both Italian business sentiment and consumer sentiment dipped in July...
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|