FOREX TradingCharts.com

Financial News: China Exports Rise Less Than Expected

China Exports Rise Less Than Expected

09/07/2022 - 02:34:00 (RTTNews)

(RTTNews) - China's exports grew less than expected in August, figures published by the General Administration of Customs revealed on Wednesday.

Exports increased 7.1 percent on a yearly basis in August. Economists had forecast the annual growth in shipments to ease to 12.8 percent from 18.0 percent in July.

At the same time, the annual increase in imports slowed to 0.3 percent from 2.3 percent in July. Imports were forecast to grow 1.1 percent.

As a result, the trade surplus narrowed to $76 billion from $90 billion in July. The expected level was $92.7 billion.

Exports will soften further on the back of cooling global demand for consumer goods, Sheana Yue, an economist at Capital Economics, said.

Meanwhile, imports are set to remain depressed due to weak domestic demand amid the ongoing property sector woes and renewed virus disruptions, the economist noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Data On Tap For Thursday (08 min(s), 05 sec(s) ago)
(RTTNews) - Australia will on Thursday release August numbers for imports, exports and trade balan ...Full Story»

Ireland Jobless Rate Remains Stable In September (07 hr(s), 10 min(s), 05 sec(s) ago)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story»

Brazil Industrial Production Falls As Expected (07 hr(s), 27 min(s), 05 sec(s) ago)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story»

U.S. Services Index Indicates Slightly Slower Growth In September (07 hr(s), 33 min(s), 05 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story»

U.S. Trade Deficit Narrows To Smallest In Over A Year In August (07 hr(s), 47 min(s), 05 sec(s) ago)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story»

Philippines Inflation Highest In 4 Years (07 hr(s), 49 min(s), 05 sec(s) ago)
(RTTNews) - The Philippines' inflation increased to the highest level in four years, mainly le ...Full Story»

U.S. Private Sector Job Growth Slightly Exceeds Estimates In September (07 hr(s), 53 min(s), 05 sec(s) ago)
(RTTNews) - Private sector employment in the U.S. increased by slightly more than expected in the ...Full Story»

Brazil Services Growth At 16-Month Low (07 hr(s), 57 min(s), 05 sec(s) ago)
(RTTNews) - Brazil's service sector activity expanded at the weakest pace in the current 16-mo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Data On Tap For Thursday

10/05/2022 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release August numbers for imports, exports and trade balan ...Full Story>>

Ireland Jobless Rate Remains Stable In September

10/05/2022 - 10:58 AM (RTTNews)
(RTTNews) - Ireland's unemployment rate held steady in September, after rising slightly in the ...Full Story>>

Brazil Industrial Production Falls As Expected

10/05/2022 - 10:41 AM (RTTNews)
(RTTNews) - Brazil's industrial production declined as expected in August after rebounding in ...Full Story>>

U.S. Services Index Indicates Slightly Slower Growth In September

10/05/2022 - 10:35 AM (RTTNews)
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest sl ...Full Story>>

U.S. Trade Deficit Narrows To Smallest In Over A Year In August

10/05/2022 - 10:21 AM (RTTNews)
(RTTNews) - With the value of imports showing a notable decrease, the Commerce Department released ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.