China: Exports expand strongly in September
October 13, 2012
Exports improved significantly in September, accelerating from a 2.7% increase in August to a 9.9% expansion, which marks the largest gain in three months. Moreover, the reading overshot market expectations that had shipments increasing only 5.0%. On the other hand, imports increased 2.4% over the same month last year, contrasting the 2.6% drop tallied in August and matching market expectations. As a result, the trade surplus reached USD 27.7 billion in September, which was well above the USD 14.5 billion surplus recorded in the same month last year. In addition, the September print exceeded market expectations of a USD 20.7 billion surplus.