June 2023 TSI Up 1.6% from the previous month
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.6% in June from…
China slides into deflation as consumer, factory prices drop
China’s consumer and producer prices both declined in July from a year ago, a sign of deflation pressure that’s likely to be temporary as policymakers…
India’s rice export ban sparks concern that sugar may be next
After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.
US trade deficit narrows as imports decline to lowest since 2021
The US trade deficit shrank in June as imports slid to the lowest level since 2021, reflecting more moderate consumer demand for merchandise.
China now sells fewer goods to the US than Mexico or Canada do
Mexico and Canada have replaced China as the top providers of goods to the US as a nearshoring push encourages more diversified supply chains.
China’s trade plunges more than forecast in blow to recovery
China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the…
Modi may give farm handouts as food export bans hit rural India
Prime Minister Narendra Modi may offer handouts to Indian farmers ahead of the elections as food commodity export bans to control inflation begin to hurt…
Weaker Canada exports to weigh on second quarter growth
Canada’s merchandise trade balance recorded its second consecutive monthly deficit on falling exports.
TSMC to build $11 billion German plant with Infineon, NXP, Bosch
Taiwan Semiconductor Manufacturing Co. has agreed to build a €10 billion ($11 billion) plant in eastern Germany in partnership with Infineon Technologies AG, NXP Semiconductors…
Taiwan trade surplus rises to record as export decline slows
Taiwan’s trade surplus surged to a record high as the plunge in exports slowed in a sign that global demand for technology may soon start…
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