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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Apr 12 2013

Raw Materials Demand Buoys Chinese Imports

The latest trade figures for China surprised the consensus as exports missed expectations for the first time in four months and imports came in above forecast, leading to an unexpected trade deficit. While concerns over data quality remain, raw materials demand clearly drove much of the increase in imports, a welcome change as slowing Chinese growth hampered raw materials demand in 2012.

ECRI’s latest analysis examines the import price outlook for a key raw material, iron ore, providing insight into the Chinese raw materials market in the coming months.

Related News & Events

Interview on Jobs & Recession

CNBC April 7, 2013

How the latest jobs data squares with ECRI's recession call. More

 

Nominal GDP Growth Falls Again

ECRI April 26, 2013

Yoy nominal GDP growth at or below 3.7% has been seen only in recessionary contexts. In Q1/2013, it slipped to 3.4% from 3.5% in Q4/2012. More