Wednesday, 9 April 2014

Chinese Exports Fall 6.6% in March

   The WSJ reports,"China's exports fell 6.6% in March from a year earlier, data from the General Administration of Customs showed Thursday.
This was an improvement from February's 18.1% decline but still well below the median forecast for 4.2% growth from 16 economists surveyed by Dow Jones.
Imports also fell 11.3% from a year earlier, compared with a 10.1% increase in February, missing the economists' median forecast of a 2.8% increase.
China posted a trade surplus of $7.71 billion in March after reporting a $22.99 billion deficit in February. The economists' median forecast was for a $1.75 billion surplus".

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