The Chinese trade data is showing that the chinese troubles are not over.China’s March trade-account numbers are out, and it’s another weak report.
Exports fell 6.6% from a year earlier, slower than the more-than-18% tumble in the previous month, but widely missing a Dow Jones-survey consensus for a 4.2% gain.
Imports were even uglier, plunging 11.3% — more than the 10.1% drop in February — and trailing far behind an expected 2.8% gain.
A small consolation is that the overall account managed to post a surplus to the tune of $7.7 billion, swinging from the February deficit of $23 billion and beating the median forecast for a $1.75 billion surplus.
Exports fell 6.6% from a year earlier, slower than the more-than-18% tumble in the previous month, but widely missing a Dow Jones-survey consensus for a 4.2% gain.
Imports were even uglier, plunging 11.3% — more than the 10.1% drop in February — and trailing far behind an expected 2.8% gain.
A small consolation is that the overall account managed to post a surplus to the tune of $7.7 billion, swinging from the February deficit of $23 billion and beating the median forecast for a $1.75 billion surplus.