China’s trade data for November disappoint10 December, 2012, 12:39. Posted by Zarathustra
China’s export and import growth on a year-on-year basis were both worse than expected for November.
Export rose 2.9% in November compared with the same month last year, down from 11.6% yoy growth in October, and well below consensus estimate of 9.0% yoy, while import was flat compared to a year ago, down from 2.4% yoy growth in October, and also below consensus estimate of 2.0% growth. The resulting trade surplus was US$19.6 billion, down from US$32 billion in October, and below consensus estimate of US$25.7 billion.
On a month-on-month seasonally adjusted basis, export fell 3.2%, while import fell 6.6%.
Source: China Customs