China: Trade surplus likely to increase to $54.1bn in Nov - TDS

Analysts at TD Securities suggest that based on their models, and following dire export/import PMIs in recent months, they expect China’s imports and  |  07/12/2018 06:42

Analysts at TD Securities suggest that based on their models, and following dire export/import PMIs in recent months, they expect China’s imports and exports to slow sharply, with imports down to 12.3%/y in Nov (consensus 17.8% y/y) from 20.1% y/y in Oct and exports down to 10.3%/y in Nov (consensus 12.6% y/y) from 26.3% y/y in Oct.

Key Quotes

“We expect the trade surplus to increase to $54.1bn in Nov from $34.0bn in Oct. There are quirky seasonals at play, so we chose to replicate past years. Soon enough, however, we'll have Chinese New Year distortions, next year falling over 5-6 Feb 2019. As ever the trade surplus with the US will be closely watched.”

Share

Popular News

Show More Popular News

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com