Global| Aug 21 2007Euro Area Export and Import Growth Both Tic Up in June
Summary
Exports were up more strongly in June than were imports shrinking the Euro area trade deficit in the month. Exports have a reasonably strong history of growth across its main categories. Import growth also has been firm and broad- [...]
Exports were up more strongly in June than were imports shrinking the Euro area trade deficit in the month. Exports have a reasonably strong history of growth across its main categories. Import growth also has been firm and broad-based. However, manufacturing exports and imports are the slowest year-over-year. Manufacturing exports are rising at an 8.8% pace compared to imports at 7.6%. But over short time horizons both export and import growth has slowed.
| M/M% | % SAAR | ||||
| Jun-07 | May-07 | 3M | 6M | 12M | |
| Balance* | €€ 5,217 | €€ 3,893 | €€ 4,211 | €€ 3,427 | €€ 1,563 |
| Exports | |||||
| All Exports | 1.7% | 0.6% | 8.8% | 4.9% | 10.1% |
| Food and Drinks | -- | 0.5% | 14.7% | 2.3% | 6.0% |
| Raw Materials | -- | 2.3% | 30.0% | 7.4% | 13.6% |
| MFG | -- | 0.8% | 4.6% | -0.1% | 8.8% |
| IMPORTS | |||||
| All Imports | 0.7% | 0.3% | 10.2% | -1.2% | 4.1% |
| Food and Drinks | -- | -0.1% | 15.8% | 7.4% | 6.0% |
| Raw Materials | -- | 2.3% | 14.7% | 5.4% | 16.3% |
| MFG | -- | 1.6% | 4.1% | 4.3% | 7.6% |
| *Eur mlns; mo or period average; Gray shaded areas lag one month | |||||
Robert Brusca
AuthorMore in Author Profile »Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
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