China August exports rise 9.5% y-o-y, beat forecasts; imports down 2.1%
China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.
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BEIJING (Reuters) - China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.
Analysts in a Reuters poll had forecast exports would increase 7.1% from year earlier after registering surprising growth of 7.2% in July.
Imports were estimated to have edged up 0.1%, after slumping 1.4% in July.
China posted a trade surplus of $58.93 billion last month, compared with the poll's forecast for a $50.50 billion surplus and $62.33 billion surplus in July.
(Reporting by Gabriel Crossley; Editing by Shri Navaratnam)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Sep 07 2020 | 9:56 AM IST