Logo 08 Feb 2018

Imports jump in January

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Trade data for January came in this morning. The data:

Imports grew by a whopping 36.9% y/y – that’s up from average growth of 13.8% over the past six months. Exports grew by 11.1% y/y – that compares to an 8% average over the past six months.

Our quick take: Much of the jump in imports was d...