China's export growth likely to fall back sharply this month
China's export growth surged last month, from -3.2% y/y to +48.3%. (Data released on Monday.) Imports remained weak, with the pace of contraction accelerating slightly from 19.7% y/y in January to 20.5%. Capital Economic…
China's export growth surged last month, from -3.2% y/y to +48.3%. (Data released on Monday.)
Imports remained weak, with the pace of contraction accelerating slightly from 19.7% y/y in January to 20.5%.
Capital Economics notes in a report on Monday:
We wouldn't read too much into headline figures, as trade growth is highly volatile at the start of the year due to shifts in the timing of Chinese New Year.
Looking ahead, we expect export growth to fall back sharply this month as the New Year effect fades and for import growth to recover somewhat.
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