Divergent Reaction to Trade War Relief Seen in Export Sentiment Surveys — Panjiva


Divergent Reaction to Trade War Relief Seen in Export Sentiment Surveys

Business Sentiment 161 China 2216 Germany 185 Trade Deals 809 U.S. 3985

U.S. export order expectations worsened in December, according to the latest ISM survey, with a reading of 47.3 (where below 50 indicates a contraction) compared to 47.9 a month earlier. That follows a 2.4% year over year drop in U.S. exports in November and has come despite the announcement of a phase 1 trade deal between the U.S. and China. By comparison, Chinese export sentiment has returned to positive territory for the first time since May 2018 with a 50.3 reading from 48.8 a month earlier. Sentiment also improved in Germany, possibly linked to the avoidance of a hard Brexit at leas...

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