Trade balance data from South korea was out a little earlier
And the picture it paints of demand in the global economy isn't a pretty one
January trade balance:
- Exports down 18.5% y/y (biggest fall in nearly 6 and a half years)
- Imports down 20.1%
- Trade surplus of $5.3bn
- That's 13 consecutive months of falls for exports
- August 2009 recorded a 20.9% fall, January is the biggest fall since then
Global woes, especially the China slowdown cited