9 Jul 2014
Chinese data expected to show highest trade surplus since the onset of the crisis - ING
FXStreet (Łódź) - Tim Condon from ING suggests that China's trade balance data for June, due out tomorrow, is set to show a $36.95 billion surplus, which would be the highest since the global financial crisis.
Key quotes
"The consensus forecast for export growth is 10.4% YoY (prior 7.0%)."
"Exports were down 0.3% YoY YTD in May and imports up 0.8%."
"We expect macropolicy finetuning to be evident in the first full-year narrowing in the trade surplus since 2011 ($259 billion in 2013)."
Key quotes
"The consensus forecast for export growth is 10.4% YoY (prior 7.0%)."
"Exports were down 0.3% YoY YTD in May and imports up 0.8%."
"We expect macropolicy finetuning to be evident in the first full-year narrowing in the trade surplus since 2011 ($259 billion in 2013)."