The Organization for Economic Co-operation and Development (OECD) reported today that total imports for the G7 nations plus Brazil, China, India, and Russia (BRICs) fell by -0.2% in the fourth quarter of 2011, after a decline of -0.7% in the third quarter. Exports also fell, by -12.2%, compared with an increase of 0.9% in the third quarter.
The US and China both showed higher imports for the quarter, by 1.8% and 4.7% respectively, but exports fell slightly for both countries. Exports in both the US and China have not dropped in the same quarter since the second quarter of 2009.
In the eurozone, exports and imports fell in Germany, France, and Italy. In the UK, imports fell by -1.9% and exports rose by a thin 0.3%. Only Russia and Brazil showed increases in both imports and exports.
The OECD announcement is available here.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
