China: Export and import growth to fall sharply in November - Nomura

Sandeep Kanihama FXStreet Contributor

Michael Loo, Research Analyst at Nomura, expects Chinese export and import growth to fall sharply in November, partially due to a high base last year, culminating in a smaller November trade surplus.

Key Quotes

“PPI inflation should moderate as indicated by the falling output price sub-index of the official PMI, and also partially reflecting a base effect, while CPI inflation should edge down slightly, as suggested by high-frequency food-price data. Headline FX reserves likely rose by USD17.6bn to USD3.1268trn in November. After adjusting for FX and coupon effects, we estimate a fall of USD15.0bn, from an increase of USD10.6bn in October.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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