Bloomberg News

China’s Nov. Exports Rise 2.9% From Year Earlier Vs. Est. 9%

December 09, 2012

China’s Nov. Exports Rise 2.9% From Year Earlier Vs. Est. 9%

A Chinese flag flies on a vessel moving past shipping containers at a Tianjin Port Group Co. dock in Tianjin, China. Photographer: Nelson Ching/Bloomberg

China’s exports rose 2.9 percent in November from a year earlier while imports were unchanged, leaving a trade surplus of $19.6 billion, the customs administration said today in Beijing.

The growth in overseas shipments compares with the 9 percent median estimate of 31 analysts in a Bloomberg News survey and an 11.6 percent increase the previous month.

Imports compare with the median estimate for an increase of 2 percent and a 2.4 percent rise in October. The trade surplus compared with the median projection for a $26.9 billion excess.

Reports yesterday showed industrial output rose 10.1 percent in November from a year earlier and retail sales climbed 14.9 percent, both the fastest pace since March. Inflation rebounded from a 33-month low to 2 percent. Fixed-asset investment excluding rural households increased 20.7 percent in the first 11 months of the year, a pace unchanged from the January-to-October period.

To contact Bloomberg News staff for this story: Scott Lanman in Beijing at slanman@bloomberg.net

To contact the editor responsible for this story: Scott Lanman at slanman@bloomberg.net


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