China: Trade data weakens in July
August 7, 2017
Exports rose 7.2% annually in July, coming in below both June’s 11.3% increase and the 10.9% expansion that market analysts had expected.
Meanwhile, imports rose 11.3% annually in July, which came in below June’s 17.2% expansion and the 16.6% increase that markets had expected.
The trade surplus narrowed from USD 48.6 billion in July 2017 to USD 46.7 billion in July 2017. The 12-month moving sum of the trade surplus decreased from June’s USD 460 billion to USD 456 billion in July, which marked the lowest value since January 2015.