China’s exports fell more than expected in July, dragged by continued weakness in global demand, official data showed Tuesday.
Outbound shipments dropped 14.5% from a year earlier in July, compared with the 12.4% decline in June, the General Administration of Customs said. The result was worse than the 12.0% fall expected by economists in a Wall Street Journal poll.
Chinese imports declined 12.4% from a year earlier in July, compared with June’s 6.8% fall and the 5.0% drop expected by surveyed economists.
That put China’s trade surplus at $80.6 billion in July, wider than the $70.62 billion surplus in June and the $70.3 billion surplus expected by economists.
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This article was originally published by Marketwatch.com. Read the original article here.
