Global trade in free fall

David Llewellyn-Smith

Wednesday, 22 February 2023

More recession signals from the North Asian trade canaries via Pantheon.

Korea: 20-Day Exports fell 2.3% y/y in February, after a 2.7% fall in January. Bloomberg reports no consensus.
Japan Flash Manufacturing PMI declined to 47.4 in February from 48.9 in January. Bloomberg reports no consensus.
Japan Flash Services PMI rose to 53.6 in February from 52.3 in January. Bloomberg reports no consensus.

Korean Exports Reveal Sharp Decline in Asian Electronics Cluster

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.