The World's Economic 'Canary In The Coal Mine' Has No Good News To Offer This Month

BI ^ | 11-2-2015 | Sam Ro

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Sam Ro
November 2, 2015

The global economy is slowing, and the world's "canary in the coal mine" has confirmed it.

South Korean exports plunged 15.8% in October from a year ago.

This was the largest decline of the year, and it was notably worse than the 14.5% decline expected by economists.

Why Korean exports matter

Economists look to Korean exports because they are the world's imports. Major traded goods are as varied as automobiles, petrochemicals, and electronics such as PCs and mobile devices. Because this report is the first monthly set of hard economic numbers — as opposed to soft-sentiment-based reports like purchasing managers surveys — from a major economy, economists across Wall Street dub South Korean exports as the global economic "canary in the coal mine."

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[Red Badger]

RUH-ROK........................

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FYI