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U.S.-Asia Decoupling Seen in Export Weakness: Chart of the Day

Asian nations aren’t getting the bounce that a U.S. manufacturing recovery used to bring, reflecting a weakening link between demand in the world’s largest economy and regional exporters, said Deutsche Bank AG.

The CHART OF THE DAY tracks the widening gap between U.S. manufacturing performance and export growth in the largest economies of north and Southeast Asia. A purchasing managers’ index for the U.S. by the Institute for Supply Management has risen in all but two months in 2014, climbing in August to the highest in more than three years. By contrast, year-on-year growth in Japan’s overseas sales weakened to 3.9 percent in July from 15.3 percent in December, while South Korean shipments declined in August, according to data compiled from each government.