Trade Data for April and January-April 2014

Bottom line: The trade deficit for April posted another significant deterioration, widening to US$2.2bn on an unadjusted basis and to US$1.87bn on a seasonally-adjusted basis and excluding ships, aircraft and diamonds. Unlike in March, the data cannot be explained as offsetting the previous month’s trend; instead, April amplifies and confirms the fears we voiced regarding the March data, suggesting the underlying […]

» Read more
1 12 13 14 15 16 17