Slow Export Growth And Weakening Manufacturing

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 |  Includes: IYJ
by: Hale Stewart

First, consider this graph of the monthly export totals from the U.S.:

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After dropping sharply during the recession, exports came roaring back. However, their overall rise has really stalled first around the $130 million/month area. Also note that in the latter half of 2012, the overall increase was weaker than before. This time it corresponds to the weakness in the EU.

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On the ISM manufacturing index, note that we see a drop in early 2011. There is a slight downtrend from that time to now, with the numbers currently fluctuating around the 50 level.