The season for Christmas orders has passed, and Chinese exporters do not yet see the slightest trace of any rebound. The export market for Chinese goods next year shows no promise and is hovering near its lows...Bad news for the economy, but possibly good news if retailers carry less inventory.
The instability of textile and apparel orders appeared in the first several months, and then recurred in August, when year-on-year decline of growth continued, and month-on-month growth greatly declined after two consecutive months of rise. The outlook remains low, as export decline is greatly related to sluggish demand.
NAR: Pending Home Sales Increase 1.6% in February; Down 7.0% Year-over-year
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From the NAR: Pending Home Sales Rose 1.6% in February
*Pending home sales in January grew 1.6%*, according to the National
Association of REALTORS®. The M...
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