China's exports showed signs of improvement as pockets of demand emerged, with November exports rising by 0.5% year-on-year, beating analyst forecasts of a drop. However, imports shrank by 0.6% year-on-year. The trade data suggests a mixed outlook for China's economy, with economists cautioning that the export growth may not be sufficient to revive the country's economic growth. The figures were lifted by a comparison with a Covid-hit period in 2022, indicating a complex economic landscape. The U.S. also experienced a widening trade deficit in October due to weak exports, potentially affecting economic growth in the fourth quarter. Additionally, the Eurozone and Australia saw fluctuations in retail sales and trade balances, reflecting broader global economic dynamics.
China will see oil demand growth slowing next year as the impact of pent-up appetite for travel and consumption fades, according to survey by Bloomberg https://t.co/7nUOiPtOtX
🔴 NEW ZEALAND MANUFACTURING SALES ACTUAL -2.7% (FORECAST -, PREVIOUS 2.9%) $MACRO
Mixed manufacturing data for November has kept alive calls for further policy support to shore up growth as China's exports rose for the first time in six months https://t.co/lD2YAuU8zE https://t.co/5Jpec5kfGG
WATCH: China's exports might finally be on the up again. Figures showed overseas shipments rising for the first time in six months in November. Exports rose 0.5% on the year, beating analyst forecasts of another drop https://t.co/NOuxqL21mQ https://t.co/n1mwObHAkM
⚠️ US WHOLESALE INVENTORIES REVISED LOWER IN OCTOBER U.S. wholesale inventories fell more than initially estimated in October, suggesting that inventory investment could be a drag on economic growth this quarter. https://t.co/dasdiJqMjr
China's exports might finally be on the up again. Figures showed overseas shipments rising for the first time in six months in November. Exports rose 0.5% on the year, beating analyst forecasts of another drop https://t.co/lD2YAuU8zE https://t.co/fjQAewEFDj
🔴 US WHOLESALE INVENTORIES MOM REV. ACTUAL -0.4% (FORECAST -0.2%, PREVIOUS -0.2%) $MACRO
🔸 US Oct Wholesale Inventories -0.4%; Expected -0.2%
🇨🇳China’s Weak Trade Data Signals More Economic Pain to Come ➡️Imports($) -0.6% yoy ➡️Exports($) +0.5% yoy https://t.co/TJNNYHUtvJ https://t.co/UjAuddvrtl
China's economy has a 'steep hill to climb' despite positive export surprise, HSBC says https://t.co/D3dmIDqYQY
China just released its latest set of monthly trade data and the signs weren’t encouraging https://t.co/Ln1y7Inyox
China's exports surge after 6 month decline, spurring factory sales with discounts https://t.co/w7c4ETbQAp https://t.co/bzsYdFAG14
China’s exports grew after six months of declines, but economists cautioned it wouldn’t be enough to revive growth in the world’s second-largest economy https://t.co/YbEDCIygKd https://t.co/YbEDCIygKd
🔴 ITALIAN RETAIL SALES NSA YOY ACTUAL 0.3% (FORECAST -, PREVIOUS 1.30%) $MACRO
“First increase in China’s exports in 6 months not a sign external demand returning in a sustainable way to support growth. At 0.5% YoY, it’s hardly usual surge ahead of YE China is used to. Considering low base was at play, not a powerful boost to exporting industries” @business https://t.co/CCxxE4Eu4v
China’s exports expanded in November from one year ago while imports surprisingly shrank, with headline figures lifted by a comparison with a Covid-hit period in 2022. https://t.co/hwnFzTmADK
China’s exports expanded in November from one year ago while imports surprisingly shrank, with headline figures lifted by a comparison with a Covid-hit period in 2022. https://t.co/5EPFqCmpoh
China’s exports expanded in November from one year ago while imports surprisingly shrank, with headline figures lifted by a comparison with a Covid-hit period in 2022. https://t.co/zNBZZUbSNW
China’s exports expanded in November from one year ago while imports surprisingly shrank, with headline figures lifted by a comparison with a Covid-hit period in 2022. https://t.co/ihOmQtb9ry
China's Nov exports up 0.5%, imports shrink 0.6% https://t.co/GWOYNbEbA3 https://t.co/1QL3gmeE2n
Chinese exports edge higher for first time in 6 months https://t.co/6yK6Y8qeXr
Chinese exports edge higher for first time in 6 months https://t.co/LrsKKAwopn
China's exports surprise with small growth — but not enough to shake off trade slump https://t.co/h0OsvWqIT7
China's total goods #import and #export expanded 1.2% YoY to 3.7 trillion yuan (about $519.9 billion) in November of 2023, while the total value in the Jan-Nov period reached 37.96 trillion yuan, data from the General Administration of Customs showed Thursday. https://t.co/l5hYM3yeKu
#BREAKING #China's #exports, in USD terms, rose 0.5% y/y in Nov, vs previous 6.4% drop, expected 0.7% growth #Imports fell 0.6% y/y in Nov, vs previous 3% growth, expected 3.5% growth https://t.co/haGgRmRP6L
🇨🇳 China Imports (YoY) (Nov) $CNY Actual: -0.6% 🔴 Expected: 3.3% Previous: 3.0%
🔴 CHINESE IMPORTS YOY USD (TENTATIVE) ACTUAL -0.6% (FORECAST 3.9%, PREVIOUS 3.0%) $MACRO
🔴 CHINESE EXPORTS YOY USD (TENTATIVE) ACTUAL 0.5% (FORECAST 0%, PREVIOUS -6.4%) $MACRO
🇨🇳 China Imports (Nov) $CNY Actual: 0.60M Previous: 6.40M
🔴 AUSTRALIAN IMPORTS ACTUAL -2% (FORECAST -, PREVIOUS 8%) $MACRO
🔴 AUSTRALIAN EXPORTS ACTUAL 0% (FORECAST -, PREVIOUS -1%) $MACRO
🔴 AUSTRALIAN TRADE BALANCE ACTUAL 7129M (FORECAST 7500M, PREVIOUS 6,786M) $MACRO
US October trade deficit widens further on decline in exports https://t.co/sNbZSbrmGk
⚠️ US TRADE DEFICIT WIDENS IN OCTOBER ON WEAK EXPORTS The U.S. trade deficit widened more than expected in October as exports declined, likely positioning trade to be a drag on economic growth in the fourth quarter. https://t.co/cD9XLYtaJX
🔴 US LABOR COSTS REVISED ACTUAL -1.2% (FORECAST -0.9%, PREVIOUS -0.8%) $MACRO
Oil drops as markets mull OPEC+ cuts' efficacy, China demand concerns - Reuters https://t.co/oJKOgR4rGl
China's exports slump seen slowing as pockets of demand emerge: Reuters Poll https://t.co/Q4CZsrF6MY
China's exports slump seen slowing as pockets of demand emerge: Reuters poll https://t.co/JlOJ8wPSjg
🔴 EUROZONE RETAIL SALES YOY ACTUAL -1.2% (FORECAST -1.1%, PREVIOUS -2.9%) $MACRO
China's exports slump seen slowing as pockets of demand emerge: Reuters Poll https://t.co/6cnK4EKKAN https://t.co/4NkbBidd4c
⚠️ CHINA'S EXPORTS SLUMP SEEN SLOWING AS POCKETS OF DEMAND EMERGE- REUTERS POLL Full Story → https://t.co/jkkm5Z0wOP https://t.co/j46W7df9ru