Wednesday, January 28, 2009

[IWS] OECD: Trade flows weaken in third quarter 2008 [28 January 2009]

IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau


Trade flows weaken in third quarter 2008 [28 January 2009]
[full-text, 7 pages]

A. Volumes of Merchandise Trade (customs-based data)

Merchandise export volumes of the Group of Seven countries fell 0.2% in the third quarter of 2008 compared with the previous quarter, while import volumes rose 0.4%. On a year-on-year basis, import volumes fell 1.4% in the third quarter, the first decline since the third quarter of 2006. Exports rose 1.9%, their lowest growth rate since the third quarter of 2006.
While Germany's exports fell by a marked 2.9% quarter-on-quarter, import volume growth picked up by 3.4%, the highest rate of the G7. On a year-on-year basis, exports stagnated at 0.5% and imports grew by 3.5%.

In the United States, export volume growth, at 1.8%, remained positive in the third quarter, while imports declined by 0.7%. Compared with the same quarter of the previous year, export growth in the US, at 8.3%, continued to be the highest of the G7, while import volumes continued to decline, falling 3.6%.

Falls continued in Japan where exports were down 1.3% and imports 1.0% lower in the third quarter compared with the previous quarter. Compared with the same quarter of 2007, merchandise exports stagnated at 0.2%, the lowest rate since the third quarter of 2006, while imports continued to decline, falling 1.3%.

AND MORE...including CHARTS & TABLES....

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       

<< Home

This page is powered by Blogger. Isn't yours?