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MNI BRIEF: China Nov Exports Slows, Imports Slide

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MNI (BEIJING)

China's exports grew 6.7% y/y to USD312.3 billion in November, below the 8.9% y/y consensus and last month's 12.7% y/y increase, according to data released by China Customs on Tuesday.

Imports, which amounted to USD214.9 billion, registered a 3.9% y/y drop, dipping further from the consensus of a 0.9% y/y gain and last month's 2.3% y/y decrease. Imports increased 1.2% y/y over the Jan-Nov period, while exports increased 5.4%. China’s trade surplus in the first 11 months hit USD884.67 billion, with November contributing USD97.44 billion.

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MNI (BEIJING)

China's exports grew 6.7% y/y to USD312.3 billion in November, below the 8.9% y/y consensus and last month's 12.7% y/y increase, according to data released by China Customs on Tuesday.

Imports, which amounted to USD214.9 billion, registered a 3.9% y/y drop, dipping further from the consensus of a 0.9% y/y gain and last month's 2.3% y/y decrease. Imports increased 1.2% y/y over the Jan-Nov period, while exports increased 5.4%. China’s trade surplus in the first 11 months hit USD884.67 billion, with November contributing USD97.44 billion.

Keep reading...Show less