Thu Aug 30th, 2012 at 06:28:08 AM EST
The OECD has a press release out showing the slowdown in merchandise trade in major economies.
Merchandise trade slowed in most major economies in the second quarter of 2012, with contractions in all major European economies, India, Russia and South Africa.
Imports and exports fell in France (by 4.7% and 2.5% respectively), Germany (by 3.5% and 2.5%), Italy (by 2.8% and 2.4%) and the United Kingdom (by 1.1% and 4.2%).
Imports and exports also fell in India (by 13.0% and 4.3%), Russia (by 4.6% and 8.3%) and South Africa (by 0.7% and 8.3%).
This is the G7 + BRICS:
Merchandise trade in US$ billion (Customs data)
Thoughts on that one?
More graphs below the fold.