The outlook for exports from Chinese businesses improved in August, with the monthly CFLP reading of 47.2% improving from 46.9% in July. Yet, it’s worth remembering that a figure below 50% still indicates lower future orders are anticipated. The bad news for global trade is that the import reading decline to 46.7% from 47.4% suggesting imports from the rest of the world may continue to fall. Export data for 23 countries in July show 13 countries experienced a year over year decline in July. While the weighted average change was actually an increase of 0.1%, that includes a degree of stoc...
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