Japan remains mired in slump as exports and imports tumble in August; car exports fall by halfSeptember 24th, 2009 Japan mired in slump as exports, imports tumbleTOKYO — Japan's exports tumbled 36 percent in August — with car shipments falling by half — and imports also contracted sharply, the government said Thursday, showing the world's No. 2 economy remains mired in a deep slump.
Japan's current account surplus down 19.4 percent in July; auto and steel exports plungeSeptember 8th, 2009 Japan's current account surplus down 19.4 percentTOKYO — Japan's current account surplus in July fell 19.4 percent from a year earlier as exports tumbled amid a slow recovery in the global economy, the finance ministry said Tuesday. The current account surplus, Japan's broadest measure of trade with the rest of the world, was 1.27 trillion yen ($13.6 billion), the first year-on-year fall in two months, the ministry said.
Government reports China's exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 China's exports, imports fall sharply in JulyBEIJING — The decline in China's imports accelerated in July despite a rise in economic growth, while exports also fell more sharply amid weak global demand, data showed Tuesday. Imports fell 14.9 percent from a year earlier, compared with a 13.2 percent decline the previous month, the customs agency reported.
Chinaese exports fall 22.9 percent in July, imports down 14.9 percentAugust 11th, 2009 Chinese exports, imports fall sharply in JulyBEIJING — China's government says the decline in the country's exports and imports accelerated in July amid weak global consumer demand. Tuesday's report by the Chinese customs agency says exports were down 22.9 percent from a year earlier, while imports fell 14.9 percent.
India's merchandise exports plunge by 27.7 percent in June, 9th month of deep declinesAugust 3rd, 2009 India's exports plunge 27.7 percent in JuneMUMBAI, India — India's merchandise exports fell by more than a quarter in June, the Ministry of Commerce said Monday, marking the nation's ninth month of steeply declining trade. Merchandise exports were valued at 612.17 billion rupees ($12.8 billion), down 27.7 percent in dollar terms from 759.3 billion rupees ($17.7 billion) a year earlier, according to government figures.
German exports fall 25 percent in May, while June consumer price index rises 0.1 percentJuly 9th, 2009 German exports fall 25 percent in May; June CPI upFRANKFURT — German exports fell sharply in May as the global recession cut into demand, while consumer prices in June inched up somewhat, the Federal Statistical Office said Thursday. The Wiesbaden-based office said exports from Europe's largest exporter declined by a quarter in May, while imports dropped 23 percent compared with May 2008.
India's merchandise exports plunge by 29.2 percent in May, 8th month of deep declinesJuly 1st, 2009 India's exports plunge 29.2 percent in MayMUMBAI, India — India's exports fell by nearly a third in May, the eighth straight month of declines, as overseas demand withered. Merchandise exports were valued at 534.3 billion rupees ($11.0 billion), up slightly from April, but down 29.2 percent in dollar terms from 655.0 billion rupees ($15.5 billion) a year earlier, according to government figures Wednesday.
Japan exports down 40.9 percent in May, adding to doubts about quick recoveryJune 24th, 2009 Japan exports fall 40.9 percent in MayTOKYO — The slump in Japan's exports showed little sign of relenting in May, with auto exports to the U.S. down more than half, adding to doubts about a quick recovery from the global recession.
Singapore's exports drop 12 percent in May from year ago, but show signs of improvementJune 17th, 2009 Singapore exports drop again, but show improvementSINGAPORE — The slump in Singapore's non-oil exports eased in May, suggesting the most important sector of the city-state's economy is stabilizing. Exports fell 12 percent in May from the same month of 2008 to 10.9 billion Singapore dollars ($7.5 billion) following a 19 percent drop in April, according to Trade and Industry Ministry figures released Wednesday.
China suffers record export drop in May as global slump batters trade; imports also plungeJune 11th, 2009 China's May exports plunge by record 26.4 percentBEIJING — China's exports fell by a record margin in May as the global slump battered trade, while imports also fell sharply, data showed Thursday. May exports tumbled 26.4 percent from a year earlier, exceeding February's previous record drop of 25.7 percent, the Chinese customs agency reported.
India's merchandise exports plunge by 33.2 percent in April, worst fall since 1991June 1st, 2009 India's exports plunge 33.2 percent in AprilMUMBAI, India — India's exports fell by a third in April, the biggest drop since 1991 and the seventh-straight month of declines, as overseas demand withered. Merchandise exports during April were valued at 537.8 billion rupees ($10.7 billion), down 33.2 percent in dollar terms from last April's 643.4 billion rupees ($16.1 billion), according to government figures Monday.
Japan's major automakers cut output in AprilMay 28th, 2009 TOKYO - Japan's major automakers suffered production cuts in April amid declining sales caused by the global economic turmoil, the firms said Thursday. Leading carmaker Toyota Motor Corp's global output plunged almost 50 percent in April to 366,125 units from the corresponding month a year before, it said.
South Korea's unemployment rate falls to 3.8 percent amid signs economy improvingMay 13th, 2009 South Korea's jobless rate falls to 3.8 percentSEOUL, South Korea — South Korea's unemployment rate fell to 3.8 percent in April, government data showed Wednesday, adding to signs the country's battered economy is improving. The jobless rate declined from 4 percent in March, the Korea National Statistical office announced.
German government forecasts economy will shrink 6 percent this year, grow in 2010April 29th, 2009 German economy seen shrinking 6 percentBERLIN — The German government forecast Wednesday that the country's economy — Europe's biggest — will shrink by a huge 6 percent this year but return to modest growth in 2010. Making its first official forecast for next year, the Economy Ministry said it expects gross domestic product to grow by 0.5 percent as exports recover in a more stable global environment.
Japan's Sharp posts 125.8 billion yen annual loss amid economic slumpApril 27th, 2009 Sharp posts 125.8 billion yen annual lossTOKYO — Japanese electronics maker Sharp Corp. said Monday that it suffered an annual net loss of 125.8 billion yen ($1.3 billion) due to declining demand and increasing competition amid a global economic slump.