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MNI BRIEF: China November Exports Shows First Up in 7 Mths

MNI (Singapore)
(MNI) Beijing
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China's exports rose 0.5% y/y in November, up from October's 6.4% y/y fall, the first increase in seven months, beating the consensus of a 0.3% y/y decrease, data released by Customs on Thursday showed.

Exports in the first 11 months of 2023 totalled USD3.1 trillion. ASEAN countries -- accounting for 15.1% of total exports -- decreased by 5.5% y/y over the Jan-Nov period while those to the EU and the U.S. decreased 11.0% and 13.8% y/y.

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China's exports rose 0.5% y/y in November, up from October's 6.4% y/y fall, the first increase in seven months, beating the consensus of a 0.3% y/y decrease, data released by Customs on Thursday showed.

Exports in the first 11 months of 2023 totalled USD3.1 trillion. ASEAN countries -- accounting for 15.1% of total exports -- decreased by 5.5% y/y over the Jan-Nov period while those to the EU and the U.S. decreased 11.0% and 13.8% y/y.

Keep reading...Show less