China: Exports and imports likely to deteriorate in June - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for a deterioration in both exports and imports of China in June, with the former likely to drop by -3.0% and the latter by -9.2%.

Key Quotes

“Weakness in trade continues to be signalled by forward looking indicators, with both new export orders and imports PMI, falling further into contraction territory in June.”

“Additionally, exports from Korea to China continue to weaken, plunging by 24% y/y in June while imports are not much better, rising by only 1.2% y/y in the same months, adding further evidence to a softening in Chinese trade.”

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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