I'm expecting the August trade data from China today
A lot of the calendars are listing it as 'tentative' for today, but from what I hear, its today.
What time? Well, from memory 'the weekend' seems to be a good answer ... :-D
But .... look for it at 0200GMT,or a few minutes after. The release time is a bit 'flexible'.
China trade balance:
- expected is $48.00bn, prior was $43.03bn
Exports:
- expected is -6.6%, prior was a very sharp drop from the previous month's reading, and well below expectations at -8.3%
Imports:
- expected is -7.9%, prior was -8.1%
There are often doubts expressed about the veracity of Chinese economic data ... keeping this in mind ... the recent flow of data has been strongly indicative of a slowing economy. Which, of course, is keeping a weight on the AUD.
