Shipments slid 1.2 percent from a year earlier, the customs bureau said on its Web site today, after falling 13.8 percent in October. The median forecast in a Bloomberg News survey of 26 economists was for a 1.4 percent increase. The trade surplus was $19.09 billion, today’s data showed, compared with $23.99 billion in October.
Note the headline vs the relevant info; exports down 1.2% vs. expectations of UP 1.4%. The comparison to last year is of course to the max paralysis point in the credit collapse. Not exactly impressive. Wait till Christmas is over. You could hear the nervous tremors in the voices of the Bloomberg Asia
No comments:
Post a Comment