China's exports fell for the sixth consecutive month in October, exacerbating pressure on Beijing to stimulate domestic spending. The decline in exports was worse than predicted, with a 6.4% drop compared to a forecasted 3.3% decrease. However, there was an unexpected rise in imports, increasing by 3% from the previous year. The slump in exports was attributed to lackluster global demand for Chinese goods and muted domestic demand. This data presents a mixed outlook for China's economy, as the pickup in imports is offset by struggling demand for exports. China slid back into deflation in October, suggesting that its economic recovery is still fragile. This is further evidenced by the decline in both the Consumer Price Index (CPI) and the Producer Price Index (PPI). Despite recent stimulus efforts to boost growth, domestic demand in China remains sluggish.
Deflation returns to China in a sign its economic recovery is still fragile https://t.co/XiXVVgsiGF via @Business
๐ช๐ธ Spain Thomson Reuters IPSOS PCSI (MoM) (Nov) $EUR Actual: 45.82 Previous: 46.94 - https://t.co/orvmA6Wqwk
๐ฉ๐ช Germany Germany Thomson Reuters IPSOS PCSI (Nov) $EUR Actual: 47.11 Previous: 44.86 - https://t.co/orvmA6Wqwk
๐ฌ๐ง United Kingdom Thomson Reuters IPSOS PCSI (Nov) $GBP Actual: 45.8 Previous: 49.9 - https://t.co/orvmA6Wqwk
China slipped back into deflation in October after a brief reprieve, highlighting how hard it is for Beijing to reinvigorate domestic demand in the worldโs second-largest economy. @yifanxie @TByGraceZhu https://t.co/ljO6cqRUFp
China slid back into deflation in October, suggesting domestic demand remains sluggish even after recent stimulus efforts to shore up growth https://t.co/CLT5nzy43p
China slid back into deflation in October, suggesting domestic demand remains sluggish even after recent stimulus efforts to shore up growth https://t.co/nnMQ7OfKAH
China's consumer prices dip back into decline amid limp demand https://t.co/ufXRjivxQB https://t.co/dayTuDufww
China consumer prices swing to declines in October https://t.co/kc6Qs8OWq4
China slid back into deflation in October, suggesting domestic demand remains sluggish even after recent stimulus efforts to shore up growth https://t.co/Tosfx2t6t5 https://t.co/iR23oVTsSP
China slid back into deflation in October, suggesting domestic demand remains sluggish even after recent stimulus efforts to shore up growth https://t.co/AtdUGCX3ui
China's consumer price index (#CPI) and producer price index (#PPI) declined 0.2% YoY and 2.6% YoY, respectively, in October, data from the National Bureau of Statistics showed Thursday. https://t.co/KzzI4utZpY
๐จ๐ณ China PPI (YoY) (Oct) $CNY Actual: -2.6% ๐ข Expected: -2.8% Previous: -2.5% - https://t.co/orvmA6Wqwk
๐ด CHINESE PPI YOY ACTUAL -2.6% (FORECAST -2.7%, PREVIOUS -2.5%) $MACRO
๐ด โ ๏ธ BREAKING: CHINESE CPI YOY ACTUAL -0.2% (FORECAST -0.1%, PREVIOUS 0.0%) $MACRO
๐จ๐ณ China CPI (MoM) (Oct) $CNY Actual: -0.1% Previous: 0.2% - https://t.co/orvmA6Wqwk
๐ด JAPANESE BANK LENDING YOY ACTUAL 2.8% (FORECAST -, PREVIOUS 2.9%) $MACRO
๐ด JAPANESE CURRENT ACCOUNT NSA YEN ACTUAL 2723.6B (FORECAST 2977.8B, PREVIOUS 2,279.7B) $MACRO
US Sep Wholesale Inventories +0.2%; Expected 0.0%
๐ด US WHOLESALE SALES MOM ACTUAL 2.2% (FORECAST 0.9%, PREVIOUS 1.8%) $MACRO
๐บ๐ธ United States Wholesale Trade Sales (MoM) (Sep) $USD Actual: 2.2% Previous: 2.0% - https://t.co/orvmA6WYlS
๐ง๐ท Brazil Brazil Thomson Reuters IPSOS PCSI (Nov) $BRL Actual: 57.11 Previous: 58.46 - https://t.co/orvmA6WYlS
๐บ๐ธ United States Thomson Reuters IPSOS PCSI (Nov) $USD Actual: 52.15 Previous: 52.02 - https://t.co/orvmA6WYlS
US Sep Wholesale Inventories +0.2%; Expected 0.0%
๐ง๐ท Brazil Auto Sales (MoM) (Oct) $BRL Actual: 10.2% Previous: -4.8% - https://t.co/orvmA6WYlS
๐ง๐ท Brazil Gross Debt-to-GDP ratio (MoM) (Sep) $BRL Actual: 74.4% Expected: 74.4% Previous: 74.4% - https://t.co/orvmA6WYlS
๐ง๐ท Brazil Net Debt-to-GDP ratio (Sep) $BRL Actual: 60.0% Previous: 59.9% - https://t.co/orvmA6WYlS
๐ง๐ท Brazil Budget Surplus (Sep) $BRL Actual: -18.071B Previous: -22.830B - https://t.co/orvmA6WYlS
๐ง๐ท Brazil Budget Balance (Sep) $BRL Actual: -99.785B ๐ด Expected: -64.800B Previous: -106.561B - https://t.co/orvmA6WYlS
๐ง๐ท Brazil IGP-DI Inflation Index (MoM) (Sep) $BRL Actual: 0.51% Previous: 0.05% - https://t.co/orvmA6WYlS
๐ด EUROZONE RETAIL SALES SEPTEMBER 2023 FULL REPORT https://t.co/UaRDqwyojj
๐ช๐บ Europe Retail Sales (MoM) (Sep) $EUR Actual: -0.3% ๐ด Expected: -0.2% Previous: -0.7% - https://t.co/orvmA6Wqwk
๐ด EUROZONE RETAIL SALES YOY ACTUAL -2.9% (FORECAST -3.1%, PREVIOUS -2.1%) $MACRO
๐ด ITALIAN RETAIL SALES NSA YOY ACTUAL 1.3% (FORECAST -, PREVIOUS 2.40%) $MACRO
๐ฎ๐น Italy Italian Retail Sales (YoY) (Sep) $EUR Actual: 1.3% Previous: 2.4% - https://t.co/orvmA6Wqwk
๐ฎ๐น Italy Italian Retail Sales (MoM) (Sep) $EUR Actual: -0.3% ๐ด Expected: -0.2% Previous: -0.4% - https://t.co/orvmA6Wqwk
Chinaโs trade data for October offered a mixed picture for the economyโs outlook, as an unexpected pickup in imports was offset by signs that global demand for Chinese exports is struggling to gain traction. https://t.co/qvwxXaeklB
๐ฉ๐ช German (EU-Harmonised) inflation eases to 3.0% in October ๐น CPI (MoM) Actual: 0.0% Expected: 0.0% Previous: 0.3% ๐น CPI (YoY) Actual: 3.8% Expected: 3.8% Previous: 4.5% ๐น HICP (MoM) Actual: -0.2% Expected: -0.2% Previous: 0.2% ๐น HICP (YoY) Actual: 3.0% Expected: 3.0%โฆ https://t.co/MVaun7jLxE https://t.co/qVvQALhRXe
๐ฉ๐ช Germany German CPI (MoM) (Oct) $EUR Actual: 0.0% Expected: 0.0% Previous: 0.3% - https://t.co/orvmA6Wqwk
"Shoe and toy exports fell while smartphone and home appliance exports rose.๐จ๐ณโs auto exports cont'd to grow by double-digits but at a sharply slower pace..Lackluster global demand for๐จ๐ณgoods andย muted domestic demand have dragged down๐จ๐ณโs overall trade." https://t.co/bHoRXu4W0Y
"Beijing said ๐จ๐ณ exports in USD terms fell by 6.4% YoY in Oct, worse than the 3.3% drop predicted by a Reuters poll...Imports rose by 3% in Oct from a yr ago...in contrast to Reutersโ survey forecast for a 4.8% drop" Expert guesses whiffing left & right https://t.co/KZmL5uym4c
๐ด US TRADE BALANCE SEPTEMBER 2023 FULL REPORT https://t.co/FIn6o9r58z
๐จ๐ณChina's exports extend slump in October, imports unexpectedly rise Exports -- long a key driver of the growth -- sank 6.4 percent year-on-year last month, according to the General Administration of Customs. The reading was much worse than the 3.5 percent drop forecast in aโฆ https://t.co/e36ZX5MMrJ
Chinaโs exports fell for the sixth straight month, adding to pressure on Beijing to boost spending at home as a big rise in global interest rates and wars in Ukraine and the Middle East weigh on the world economy. @wsj_douglasj @ByXiaoXiao https://t.co/Wb2aDKC5E3