03-08-2016, 01:09 PM
Well, we missed this. No wonder futures are down..
Chinese exports fell by far more than expected last month, and when measured in renminbi terms by the most on record. Exports fell 25.4 per cent year-on-year in February in US dollar terms, compared to the 14.5 per cent drop economists were expecting and a 11.2 per cent drop the previous month. That is only a nudge over the worst slump on record, in May 2009, when exports contracted 26.4 per cent. Imports fell 13.8 per cent, also worse than the 12 per cent economists were expecting but less than the 18.8 per cent drop in January. When measured in renminbi terms, however, exports fell by a record low, of 20.6 per cent compared to the 11.3 per cent slump economists were expecting and a 6.6 per cent drop in January. Imports fell 8 per cent, slightly better than the 11.7 per cent economists were expecting and less than the 14.4 per cent drop in January.
Chinese exports slumped by near-record amount in Feb
Not attempting to spin this (this is solidly negative) but it measures old China. Services and consumer spending are still ok, sort off.