- MarketPulse - https://www.marketpulse.com -

China’s Exports Fall Sharply in June

China’s exports tumbled in June, falling 3.1 percent from the year ago period, marking the first decline since January 2012.

The figures were a major miss against Reuters expectations for a rise of 4 percent. Exports climbed 1 percent in May.

Imports also fell, down 0.7 percent on year, compared to a Reuters forecast of a rise of 8 percent, and worse than the 0.3 percent drop in May.

The trade surplus was $27 billion for the month, up from $20.4 billion in the month earlier.

CNBC [1]

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])