(Finance) – Il trade surplus of China recorded, in the month of October, a sharp decline to 56.53 billion dollars against 77.71 billion in September and the 82 billion expected. In the same period a year ago, the surplus stood at 82.35 billion.
It’s about the lowest figure since February 2023 and signals the persistent difficulties of the economy.
Thexport is in annual contraction for the sixth month in a row, showing a decline of 6.4%, greater than the 3.3% decline estimated by consensus and compared to the 6.2% recorded in the previous month.
Imports, on the other hand, report growth, for the first time since February, of a surprising 3% against the -4.8% indicated by analysts and -6.2% in September. The data benefited from recovery of domestic demand.