- US: Quarterly Financial Report (Q3)
- US: Quarterly Financial Report Detail (Q3)
- US: NABE Outlook (Q4)
- OECD: Composite Leading Indicators (Nov); Main Economic Indicators
- Canada: Housing Starts (Nov)
- Italy: Constrution Cost Indexes, Money and Banking (Oct)
- Germany: International Trade & BOP, IP (Oct)
- Turkey: IP (Oct); Tunisia: PPI (Oct), IP (Aug)
- Malta: GDP Press Release (Q3); Switzerland: Unemployment (Nov);
- more updates...
Economy in Brief
U.S. Payroll Employment Gain is Steady; Unemployment Rate Falls To Lowest Level Since 2008
Nonfarm payroll employment grew 203,000 (1.7% y/y) during November...
U.S. Consumer Credit Growth Remains Strong
Consumer credit outstanding increased by $18.2 billion (6.3% y/y) during October following a $16.3 billion September rise...
U.S. Consumer Sentiment Strengthens
The index of consumer sentiment from the Reuters/University of Michigan survey jumped to 82.5 early this month...
U.S. Personal Income Edges Down in October
Personal income fell in October by 0.1% (+3.4% y/y) after a gain of 0.5% in September...
German Orders Step Back
German orders fell hard in October after an even stronger surge in September...
U.S. GDP Growth Boosted By More Inventory Accumulation
Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%...
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|