China Had a Trade Deficit in February

China had its largest trade deficit in 22 years this past February of $31.5 billion.

Why? Weaker demand from Europe and the United States is one reason. Factories being temporarily shut down due to Chinese New Year could be another reason.

Is this seasonal anomaly or one more bad sign coming out of China?

Stay tuned



Global Manufacturing

In line with my video where I talk about the underlying numbers of the economy, one statistic that is not getting much media play is Global Manufacturing.

In most countries manufacturing is contracting, except for a few select, including the United States.

Hmmm, what is this telling us? This is a problem in a global economy and over the coming months I’ll continue to watch the trend.

Nothing to do now but be aware of this indicator.

Click here for a bigger view of the graph