with the rest of the world decreased in May, as both imports and exports declined, the Commerce Department said Thursday. Imports dropped 2.3% from the prior month to a seasonally adjusted $316.08 billion, their lowest level since December 2021, reflecting lower shipments of industrial supplies and consumer goods. Exports fell 0.8% to $247.1 billion, as shipments of soybeans, natural gas and oil decreased. (DJN) China's foreign-exchange reserves rose in June from a month earlier, following a one-month decline, official data showed on Friday. Foreign-exchange reserves rose by $16.5 billion to $3.193 trillion in June, said the People's Bank of China. The result was also higher than the $3.180 trillion anticipated by economists surveyed by WSJ. (DJN) Industrial production in Germany fell unexpectedly in May, a sign that the country's key manufacturing base could be struggling as global demand slows. (DJN) The number of people visiting British retail stores in June decreased as consumers opted to enjoy the hot weather outdoors, according to the latest British Retail Consortium and Sensormatic Solutions IQ report on Friday. (DJN) Feedback Loop

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

07-07-23 0715ET