China: Strong imports in September suggest healthy domestic growth
October 13, 2017
Exports rose 8.1% annually in September, coming in above August’s 5.5% increase but below market analysts’ expectations of an 8.8% gain.
Meanwhile, imports rose 18.7% annually in September, which came in above both August’s 13.3% expansion and the 13.5% increase that market analysts had expected. This points to resilient domestic demand for the Chinese economy.
The trade surplus narrowed from USD 40.9 billion in September 2016 to USD 28.5 billion in September 2017 (August 2017: USD 42.0 billion surplus). The 12-month moving sum of the trade surplus decreased from August’s USD 447 billion to USD 435 billion in September, which marked the lowest value since January 2015.