China's export slump is expected to have accelerated in June, as sluggish overseas economies struggling with inflation and rising interest rates buy up fewer goods from Chinese factories.
Outbound shipments from the world's second-largest economy were projected to have fallen 9.5% year-on-year, following a drop of 7.5% in May, according to the median forecast of 30 economists in the poll finalised on Wednesday.
One-third of respondents to the trade poll forecast that exports in June dropped by a double-digit percentage, as in January. Societe Generale was the most bearish, anticipating a drop of 15.7%. in June while producer prices fell at their fastest pace in more than seven years, bolstering the case for further policy stimulus.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Asia shares turn mixed, China disinflation a drag By Reuters⚠️BREAKING: *ASIA MARKETS MIXED TO START THE WEEK AFTER CHINA INFLATION DATA SHOCKER 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Leer más »
China: Inflation surprised to the downside in June – UOBUOB Group’s Economist Ho Woei Chen, CFA, comments on the release of Chinese inflation figures. Key TAkeaways Inflation is largely absent in China due
Leer más »
China has a new foreign relations law. Here's what it means for businessFor foreign businesses in China, geopolitics hold more sway than new Chinese laws, analysts say.
Leer más »
Alibaba and Tencent buoyed by hope of end to tech crackdown By Reuters*ALIBABA, TENCENT, BAIDU SHARES RISE IN HONG KONG AS INVESTORS BET CHINA'S TECH CRACKDOWN IS OVER $BABA $TCEHY $BIDU 🇨🇳🇭🇰
Leer más »
BVTV: Ocado’s road map | Reuters VideoBid hopes have pumped up the $6 bln grocer-cum-warehouse operator’s shares. Yet retailers like Amazon would struggle to buy a company that also works for rivals. Ocado could instead sell its UK unit, leaving what’s left to be valued like a high-growth tech stock, says Karen Kwok.
Leer más »