- Peru: GDP, BOP (Q1)
- US: Housing Starts by State and Region (Apr)
- US: Final Building Permits, Advance Durable Goods (Apr)
- New Zealand: International Trade (Apr), AON Econ Survey (Q2)
- US: Regional Building Permits (Apr and YTD)
- Austria: IP, Industrial Turnover (Mar); Portugal: Public Finance (Apr), Trade by Country (Mar)
- Italy: ISTAT Consumer Survey (May), BoP (Mar), IIP (Q4), Price Competitiveness Indicators (Feb), Contractual Wages (Apr)
- more updates...
Economy in Brief
IFO Rebounds; Beer Remains Protected
IFO gauge of German real sector activity shows a pickup in May compared April...
U.S. New Home Sales Near Cycle-High as
Prices Surge to Record
New home sales increased 2.3% (29.0% y/y) last month to 454,000 (AR) from a revised 444,000 during March, initially reported as 417,000...
U.S. Initial Unemployment Insurance Claims Pull Back
Initial claims for unemployment insurance fell to 340,000 (-8.4% y/y) during the week ended May 18 ...
FHFA Home Price Index Remains in an Uptrend
Improved housing markets are lending strength to home-sellers' pricing power...
Flash PMIs gain ground in Europe: so what?!
In May the purchasing managers indices that assess the manufacturing and services sectors in the European Monetary Union are showing that both sectors continue to decline...
U.S. Existing Home Sales Improve Modestly; Prices Gain
Existing home sales gained 0.6% in April (+9.7% y/y) to a 4.970M annual rate...
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|