China's Trade Balance missed market expectations

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Wednesday, Mar 08 2017

China's Trade Balance missed market expectations

China's trade balance for February, in Yuan terms, came in at -60.4 billion CNY vs 172.5bn expected and 354.5bn last. Exports came at 4.2% y/y vs 14.6% expected and 15.9% last, while imports were +44.7% y/y vs 23.1% expected and 25.2% last.

The data is a slightly negative input for the Aussie, as exports disappoint markets and re-ignite concerns over China’s external demand. The combined January-February trade balance (Yuan terms) stands at: surplus of 293.7bn CNY. Jan-Feb Imports stand at +34.2% and Jan-Fen exports stand at +11% y/y.

More in this category: « US Trade Balance deficit rose to $48.5 billion German Industrial Production up by 2.8% »

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