China March Exports Rebound to Five-Month High But Imports Fall More Than Expected
Friday, 12 April 2019 15:41 WIB | ECONOMY |ekonomi China ImporEkspor China

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame.

Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time.

But veteran China watchers had said export gains may be due more to seasonal factors than any sudden turnaround in lackluster global demand, as shipments were expected to jump after long holidays in February.

March exports rose 14.2 percent from a year earlier, customs data showed on Friday, the strongest growth in five months. Economists polled by Reuters had expected a 7.3 percent gain after February's 20.8 percent plunge.

Shipments picked up around 3 percent month-on-month, suggesting some improvement in foreign demand, Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note. But he said exports have yet to fully recover from a sharp slowdown late last year.

Adding to the worries, China's imports fell more than expected, suggesting its domestic demand remains weak.

Imports fell 7.6 percent from a year earlier, worse than analysts' forecasts for a 1.3 percent fall and widening from February's 5.2 percent drop.

That left the country with a trade surplus of $32.64 billion for the month, according to Reuters calculations based on the official data, much larger than forecasts of $7.05 billion.

In the first quarter, exports rose 1.4 percent from a year earlier, while imports fell 4.8 percent.

A customs spokesman said he expects mild growth in both exports and imports in the current quarter.

Source : Reuters

RELATED NEWS

China's GDP growth slows to 6%, Industrial Production betters estimates
Friday, 18 October 2019 09:26 WIB

China's economy slowed sharply in the third quarter, courtesy of the trade tensions with the US, the official data released at 02:00 GMT showed. The annualised third quarter gross domestic product (GDP) came in at 6%, missing the forecasted print of 6.1% and down from the preceding quarter's GDP of...

Philly Fed Manufacturing Index Stumbles in October
Thursday, 17 October 2019 19:57 WIB

The Philadelphia Federal Reserve said Thursday its gauge of business activity fell to 5.6 in October from 12 in September. Economists polled by Econoday expected a 7.1 reading. Any reading above zero indicates improving conditions. The barometers on new orders and shipments were mixed. The new orde...

UK retail sales growth softens in third-quarter as department stores disappoint
Thursday, 17 October 2019 16:03 WIB

British shoppers grew more cautious about their spending in the three months to September despite enjoying real growth in their wages, raising concerns about the health of the economy in the run-up to Brexit. Consumer spending has been the biggest driver of British economic growth since June 2016's...

Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips
Thursday, 17 October 2019 08:00 WIB

Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate curre...

U.S. retail sales snap 6-month winning streak in September as receipts fall 0.3%
Wednesday, 16 October 2019 19:40 WIB

Sales at U.S. retailers fell in September for the first time in seven months as most stores posted lower receipts, signaling that a widely expected slowdown in consumer spending is underway. Retail sales fell 0.3% last month, the government said Thursday, ending a streak of six straight strong gain...

ANOTHER NEWS
Oil Rises for a Third Day Amid Low Volumes Yet Concerns Linger
Friday, 18 October 2019 19:07 WIB Oil rose for a third day in New York amid low trading volumes, recouping most of this week™s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies. West Texas Intermediate futures climbed as much as...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.