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

China Enjoys Positive Trade Data

China’s exports rose by a better-than-expected 5.6 percent in October from a year earlier, official data showed on Friday, well above economists’ forecast for a rise of 3.2 percent, according to a Reuters poll.

Imports, meanwhile, rose 7.6 percent, slightly below forecasts for a rise of 8.5 percent.  The country’s monthly trade surplus widened to $31.1 billion from $15.2 billion in September.

“Combined with the better export data in Korea and Taiwan, China’s export numbers suggests some—although not yet decisive—improvement in global demand momentum,” said Louis Kuijs, chief China economist at RBS.

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])