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MNI BRIEF: China July Exports Jump 18.0% Y/Y

MNI (Singapore)
SINGAPORE (MNI)
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China's exports jumped by 18.0% in July from a year ago, following the previous 17.9% increase and beating the market forecast of 14.2%, China Customs data showed on Sunday.

Imports rose 2.3% in July, faster than the 1.0% growth marked in June and missed the consensus of a 4.0% gain, the data showed. Exports in the first seven months reached USD2.06 trillion, up 14.6%, while imports grew by 5.3% to USD1.68 trillion. The trade surplus in the first seven months was USD482.30 billion, with July contributing USD101.27 billion.

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China's exports jumped by 18.0% in July from a year ago, following the previous 17.9% increase and beating the market forecast of 14.2%, China Customs data showed on Sunday.

Imports rose 2.3% in July, faster than the 1.0% growth marked in June and missed the consensus of a 4.0% gain, the data showed. Exports in the first seven months reached USD2.06 trillion, up 14.6%, while imports grew by 5.3% to USD1.68 trillion. The trade surplus in the first seven months was USD482.30 billion, with July contributing USD101.27 billion.

Keep reading...Show less