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China's exports at the lowest level since February

Tuesday, Aug 08 2017
China's exports at the lowest level since February

China customs administration announced trade data in yuan terms in statement today. July exports climbed 11.2% y/y; median est. 14.8% rise y/y (range +12.1% to +16.5%, 10 economists). July imports climbed 14.7% y/y; median est. 22.6% rise (range +16.0% to +26.9%, 10 economists).

July trade surplus 321.2b yuan; median est. 293.6b yuan surplus (range 250b-348.3b yuan surplus, 10 economists). Export growth is now the slowest since February (lower than the lowest estimate) and Import growth is now the weakest since Dec 2016 (lower than the lowest estimate).

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