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Exports, outputs lift in key global economies

Exports, outputs lift in key global economies  article image
Exports, retail sales and industrial output in China rose in July according to government figures, while positive signs in major economies Germany, Japan and the USA have led economists to believe slow global recovery has begun. China's customs data showed trade figures rising by US$17.5 billion in July, including a 10.4 percent increase in exports and an 8.7 percent increase in imports, compared with June. Additionally, German exports rose seven percent in June over the previous month and, in the same period, Japan reported a boost of 9.7 percent in private sector machinery orders, a key economic indicator. The US recently released data showing that, although high, their unemployment rate surprisingly dropped to 9.4 percent in July from 9.5 percent in June. In combination with results from the other major economies, however, any good news from the US has contributed to observations heralding global economic recovery.

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