Another Chinese trade canary dies

Advertisement

Pantheon with Korean exports.

Korean 20-day exports slumped in June, falling 3.4% year-over-year, after growing 24.1% in May. Sharp swings at this time of year are not unheard of; the 20-day numbers are quite volatile anyway, and the loss of two working days at the start of the month explains much of the weakness. But we also see signs of a genuine slowdown, as the one-off boost from China’s reopening peters out.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.