Asian Exports Point To A Recovering Europe
Rising Asian exports to the EU give more evidence of a recovery, even though EU nations haven’t yet published the corresponding import data, and could help Asia deal with rising interest rates later in the year. Asian export data out a month ahead of EU data “EU / Asian export and import data are about one month ahead of EU data,” writes Societe Generale analyst Klaus Baader, explaining that Asian countries simply report much faster than we’re used to in the West. South Korea, for instance, reported December 2013 trade data on January 1, 2014. “Asia trade data can provide...
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