- Japan: All Industry Activity Indexes (Jul), Index of Business Conditions (Final-Jul)
- New Zealand: ANZ Job Ads, External Migration, Credit Card Statistics (Aug), ANZ-Roy Morgan Consumer Confidence (Sep)
- Korea: PPI (Aug)
- US: Financial Accounts of the US (Q2)
- US: New Residential Construction (Aug)
- US: Philadelphia FRB Business Outlook Survey (Sep)
- more updates...
Economy in Brief
U.S. Housing Starts and Building Permits Decline
Housing starts during August slumped 14.4% to 956,000 AR (+8.0% y/y) following a 22.9% July jump to 1,117,000...
Philadelphia Fed Business Conditions Index Slips but Remains Firm
The Philadelphia Fed reported that its General Business Conditions Index for September edged down to 22.5 from 28.0 in August...
U.S. Initial Unemployment Insurance Fall to July Low
Initial claims for jobless insurance fell to 280,000 during the week ended September 13 from 316,000 in the prior week...
U.K. Retail Sales Rebound
U.K. nominal retail sales growth bounced back in August, rising by 0.2% after a 0.3% July decline...
U.S. Consumer Price Declines Are Broad-based
The consumer price index declined 0.2% during August (+1.7% y/y) following an unrevised 0.1% uptick...
U.S. Current Account Deficit Shrinks
The U.S. current account deficit decreased in Q2'14 to $98.5 billion from $102.1 billion in Q1...
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|