Friday, 21 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
China March Exports Rebound to Five-Month High But Imports Fall More Than Expected
Friday, 12 April 2019 15:41 WIB | ECONOMY |ekonomi China ImporEkspor China

China's exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame.

Investors are hoping for signs of economic recovery in China to temper worries about slowing global growth, after the IMF this week downgraded its 2019 world outlook for the third time.

But veteran China watchers had said export gains may be due more to seasonal factors than any sudden turnaround in lackluster global demand, as shipments were expected to jump after long holidays in February.

March exports rose 14.2 percent from a year earlier, customs data showed on Friday, the strongest growth in five months. Economists polled by Reuters had expected a 7.3 percent gain after February's 20.8 percent plunge.

Shipments picked up around 3 percent month-on-month, suggesting some improvement in foreign demand, Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note. But he said exports have yet to fully recover from a sharp slowdown late last year.

Adding to the worries, China's imports fell more than expected, suggesting its domestic demand remains weak.

Imports fell 7.6 percent from a year earlier, worse than analysts' forecasts for a 1.3 percent fall and widening from February's 5.2 percent drop.

That left the country with a trade surplus of $32.64 billion for the month, according to Reuters calculations based on the official data, much larger than forecasts of $7.05 billion.

In the first quarter, exports rose 1.4 percent from a year earlier, while imports fell 4.8 percent.

A customs spokesman said he expects mild growth in both exports and imports in the current quarter.

Source : Reuters

RELATED NEWS
UK Retail Sales Arrive at -0.5% m/m in May, Meet Estimates...
Thursday, 20 June 2019 15:54 WIB

Penjualan ritel Inggris di -0,5% selama bulan Mei vs -0,5% yang diharapkan dan -0,1% sebelumnya. Penjualan ritel inti tidak termasuk penjualan bahan bakar motor di -0,3% bulanan vs -0,5% yang diharapk...

U.K. Inflation Returns to BOE Target on Air Fares, Car Prices...
Wednesday, 19 June 2019 15:53 WIB

Penurunan tarif pesawat dan harga mobil membuat inflasi Inggris kembali ke target Bank Inggris bulan lalu. Harga konsumen naik 2% dari tahun sebelumnya, turun dari 2,1% pada bulan April, menurut angk...

Retail sales look strong, with a solid gain in May and upward revision to prior month...
Friday, 14 June 2019 19:50 WIB

Laporan konsumen Amerika sangat dibesar-besarkan seiring data penjualan ritel Mei naik pada kecepatan yang solid dan penurunan pada bulan sebelumnya direvisi untuk menunjukkan keuntungan. Penjualan r...

Australian Employment Rose 42,300 in May; Estimate 16,000 Gain...
Thursday, 13 June 2019 08:50 WIB

Bank sentral Australia mengakhiri jeda hampir tiga tahun terakhir pada pekan lalu, melanjutkan pengurangan suku bunga untuk mencoba mendorong tingkat pengangguran turun menjadi 4,5% - perkiraan baru u...

US: Annual core Consumer Price Index (CPI) falls to 2% in May vs. 2.1% expected...
Wednesday, 12 June 2019 19:54 WIB

Data yang diterbitkan oleh Biro Statistik Tenaga Kerja A.S. pada hari Rabu mengungkapkan bahwa inflasi, yang diukur dengan Indeks Harga Konsumen (CPI), turun menjadi 1,8% di bulan Mei dari 2% di bulan...

LATEST NEWS
S&P 500 up just 0.3%, cutting gains after earlier rally took it to record high

Stocks gave back most of their gains on Thursday after the S&P 500 reached a record earlier in the day. The S&P 500 rose as much as 1% to reach an all-time high of 2,956.20. Around 12:15 p.m. ET, the broad index traded up just 0.3%. The...

Erdogan Does Not Expect US Sanctions on Turkey Over Russia Deal

Turkish President Tayyip Erdogan said on Thursday he did not expect the United States to impose sanctions on Turkey over its planned purchase of a Russian missile defense system, but would retaliate if it did. Speaking at a rare news conference...

European stocks close higher after Bank of England holds rates; Delivery Hero up 10%

European markets finished higher Thursday as investors reacted to interest rate decisions from the Bank of England and the Federal Reserve. The pan-European Stoxx 600 closed up 0.5% at 386.16 , having hit its highest since May 6 earlier in the...

POPULAR NEWS
Gold prices end lower, snap multiday rally
Tuesday, 18 June 2019 01:11 WIB

Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal...

Gold futures settle at a 14-month high
Wednesday, 19 June 2019 01:18 WIB

Gold futures climbed Tuesday to settle at their highest in 14 months, as comments from European Central Bank President Mario Draghi set the stage...

Gold futures settle lower, then move higher after Fed cites growing 'uncertainties'
Thursday, 20 June 2019 01:19 WIB

Gold futures finished with a modest loss on Wednesday, easing back after settling a day earlier at their highest in 14 months. Prices for the...

Gold Prices Drop Ahead of Fed Decision as U.S.-China Trade Tension Eases
Wednesday, 19 June 2019 19:20 WIB

With markets on hold ahead of the Federal Reserve™s policy decision, gold prices dropped on Wednesday on further signs of easing tension in the...