Briefing

Nine economic charts of the week you really must see

April 25, 2014
April 25, 2014

Japan’s trade deficit remained bad

Japanese-trade-balance-in-billions-Japanese-trade-balance-in-billions_chartbuilder (1)

In March, a surge of imports (ahead of an April tax increase) combined with the weakest export growth in a year.

US existing home sales stayed soft…

US-existing-home-sales-seasonally-adjusted-annualized-rate-US-existing-home-sales-seasonally-adjusted-annualized-rate_chartbuilder (1)

Sales declined for the third consecutive month, although it’s unclear if the spring weather will bring a rebound.

…and new home sales dropped sharply

New-home-sales-year-on-year-change-New-home-sales-year-on-year-change_chartbuilder

Some think the problem could be lack of supply.

China’s manufacturing sector contracted

HSBC-Markit-China-purchasing-managers-index-Growth-Contraction_chartbuilder

That’s one of the reasons Chinese stocks have been doing so poorly.

 South Korea posted solid first-quarter GDP growth

South-Korea-GDP-quarter-on-quarter-change-Korea-GDP-quarter-on-quarter-change_chartbuilder

Housing construction and exports led the way.

US durable goods orders rebounded

Nondefense-capital-goods-orders-ex-aircraft-month-on-month-change-New-orders-for-nondefense-capital-goods-excluding-aircraft-month-on-month-change_chartbuilder

The core reading—nondefense capital goods orders, excluding aircraft—also suggested strength in business spending.

April inflation in Tokyo surged

Tokyo-core-CPI-year-over-year-change-Tokyo-core-CPI-year-over-year-change_chartbuilder

Thanks to the new VAT tax, April prices in Tokyo rose by their fastest pace since 1992.

Brazil’s current account balance narrowed a bit

Brazil-current-account-balance-in-billions-of-Brazil-current-account-balance-in-billions-of-_chartbuilder (1)

But it still shows Brazil is very dependent on foreign lending.

The mood of American consumers improved

University-of-Michigan-Consumer-Sentiment-index-University-of-Michigan-Consumer-Sentiment-index_chartbuilder (2)

The University of Michigan gauge of consumer sentiment is flirting with post-crisis highs.

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