07-November-2024
Economy News
 
China's Export Growth Likely Picked up Speed in Oct on Better Weather, Discounts: Reuters Poll
06-Nov-2024

China's outbound shipments likely rose at a faster pace in October, buoyed by better weather and steep discounts even as manufacturers and other major exporters report a drop off in global demand. Trade data for October is expected to show exports grew 5.2% year-on-year by value, according to the median forecast of 34 economists in a Reuters poll, up from a 2.4% increase in September Imports likely shrank 1.5% last month, more than reversing a 0.3% gain in September. The data will be released on Thursday.

News Source:- https://money.usnews.com/investing/news/articles/2024-11-05/chinas-export-growth-likely-picked-up-speed-in-oct-on-better-weather-discounts-reuters-poll