Sunday, November 8, 2015

Exports Tumble

Exports from China are declining more rapidly than expected, reflecting a weak global demand for manufactured goods. In the latest official monthly report, imports declined even faster, giving China its largest monthly trade surplus ever. A summary from Bloomberg at The Straits Times:

Exports declined 6.9 percent compared to the year before. The figures suggest that earlier holiday-season orders this year from North America and Europe may have propped up last month’s manufacturing, which already showed a decline of 3.7 percent from the year before.

Other countries are also showing declines in industrial output, though global purchases of manufactured goods seem to be growing ever so slightly.

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