The contraction in European economic activity in a picture - U.S. exports to Europe dove $4B in...

|By:, SA News Editor

The contraction in European economic activity in a picture - U.S. exports to Europe dove $4B in April, the biggest drop dating back to at least January 2005, notes Stone McCarthy. Exports to the continent are down 2.7% Y/Y, the first annual decline since February 2010, and not boding well for the U.S. economy.