- China: Manufacturing PMI (Oct)
- US: Agricultural Prices (Oct), Consumer Sentiment (Oct-final), Employment Cost Index (Q3), Personal Income (Sep)
- Ireland: Money Supply (Sep), Credit Measures (Sep)
- Spain: Capacity Utilization (Q4), BOP (Aug), Central Govt Debt (Sep), Consumer Confidence (Oct)
- Consumer Sentiment Detail (Oct-final)
- US: Chicago PMI, Milwaukee PMI (Oct)
- US: Underlying NIPA Tables (Q3-Adv), Key Source Data (Q3)
- more updates...
Economy in Brief
U.S. Employment Cost Index Strengthens
The employment cost index for private industry workers jumped 0.7% (2.3% y/y) in Q3'14, following an unrevised 0.8% Q2 rise...
Euro Area Joblessness Hangs High as Other Activity Gauges Wither
October 31 has turned out to be a very bad data day for the European Union as well as for the euro area...
U.S. GDP Growth in Q3 Is Stronger Than Expected
GDP grew 3.5% last quarter (2.3% y/y) following an unrevised 4.6% rise...
U.S. Initial Claims for Jobless Insurance Tick Higher
Initial claims for unemployment insurance during the week ended October 25 rose to 287,000 (-17.1% y/y) from 284,000...
EU Indices Head Higher in October
The EU overall sentiment index rose to a level of 104 in October from 103.5 in September...
FOMC Ends QE As Economy Improves & Inflation Remains Low
The Fed indicated that labor market improvement, moderate growth in household spending and positive business investment growth allowed for ending QE...
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|