China: Stronger August headline exports limited boost to outlook – UOB Group
Aug export growth accelerated to 8.7% y/y (Bloomberg est: 6.6%, Jul: 7.0%) in USDterms and 8.4% y/y in CNY-terms (Jul: 6.5%), UOB Group economist Ho Woei Chen notes.
Positive headline exports but weaker imports raised caution
“China reported stronger export growth in Aug but outlook was weighed by flat import growth and emerging signs of weaker external demand.”
“In volume terms, China’s commodities demand has remained resilient despite signs of slowing economic momentum. Imports of refined petroleum products, LPG and soya beans strengthened noticeably in Aug. Imports of iron and copper moderated compared to the year-ago period, which is indicative of weaker construction activity.”
“The low base effect is likely to continue to support both the export and import growth for the rest of the year. We expect China’s export and import growth in 2024 at 5.0% (2023: -4.6%) and 4.5% (2023: -5.5%) respectively.”
Related Articles
All Eyes on August CPI: The Data That Could Trigger a Jumbo Fed Cut — Or Not
TradingKey - The key question now is whether the August CPI report, to be released on September 11, could push the Fed toward a more aggressive 50-basis-point cut — as it did in September 2024.
Oracle Q1 FY2026 Earnings: Cloud Surge and Record RPO Fuel AI Optimism
TradingKey - Oracle Corporation (NYSE: ORCL) posted mixed Q1 FY2026 results, with total revenue and adjusted EPS slightly below consensus amid a shift to cloud services, but cloud revenue beat expectations with robust 28% growth. A massive RPO backlog of $455 billion, up 359% YoY
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
2025 Hottest US IPO Week: Klarna, Gemini, Figure Set for “Triple Launch”
TradingKey - 5 companies are now pricing their U.S. initial public offerings (IPOs) for the week starting September 8, with a total expected fundraising exceeding $3 billion, making it the busiest IPO week of 2025. Investors are closely watching the debut performance of Klarna, Gemini, and Figure.
