China: Exports Surge to All-Time Record While Inflation Remains Low

December 9th, 2013
in econ_news, syndication

Econintersect:  China's trade surplus reached a level in November 2013 not seen in more than four years.  This was driven by a strong surge in exports which rose more than expected by 12.7 % from the same month a year ago.  Imports increased year-over-year by 5.3%, less than had been expected.  The trade surplus was $33.8 billion.  This was the largest number since January 2009.  The export value for November reached an all-time single month record of $202.2 billion.

Follow up:

There are questions about sustainability.  The latest PMI numbers indicated a subdued expectation for exports as new export orders were not as strong as people had expected, according to a report from Bloomberg.  Last week GEI News reported (From the Markit-HSBC PMI report) that new export orders expanded at a "fractional pace" in November.

From Trading Economics:


The current trade surplus is the highest in history except for the five month period August 2008 through January 2009.


Late news note: Everything was coming up roses for China this week-end as the November CPI  (Consumer Price Index) report came in lower than expected, up 3.0% year-over-year, down from 3.2% for October.  PPI (Produce Price Index) fell 1.4% y-o-y in November, down from an decrease of 1.5% in October but up from September's 1.3% fall.  November was the 21st consecutive month of producer price deflation.


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