China’s Exports Surge

China’s exports surged 15.3 percent in September from the year-ago period, data showed on Monday, beating the 11.8 percent gain expected in a Reuters poll and after rising 9.4 percent in August.

Imports also unexpectedly rose 7 percent, versus forecasts for a decline of 2.7 percent and following a fall of 2.4 percent in August.

The country’s trade surplus narrowed to $31 billion from a record high of $49.8 billion in August.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.