China: Trade Balance Below Expectations – Deutsche Bank
Research Team at Deutsche Bank, suggests that the China’s trade balance
printed a little below expectations in March with a surplus of
$US29.86bn versus consensus expectations of a $US34.95bn outturn.
Key Quotes
“Exports
growth was a touch stronger than expected at 11.5% yoy (versus 10.0%
expected by the consensus), while imports fell less than expected (-7.6%
yoy versus 10.1% yoy). The strong seasonality in the data this time of
year make it, unfortunately, very difficult to draw any strong
conclusions out of one month’s results.”
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