China’s exports in November fell 1.1% from a year earlier, marking a fourth successive monthly decline as the pain of the trade war continues to hit the world’s second-largest economy, reported the South China Morning Post.
The dip was below the expectations of a group of analysts polled by Bloomberg, who forecast 0.8% growth, and worse than last month’s 0.9% drop.
Imports, meanwhile, grew 0.3% in November – their first monthly increase since April and only the second this year – beating the Bloomberg poll, which forecast a 1.4% decline.
China’s trade balance for November stood at $38.73 billion, down from $42.91 billion in October and lower than analysts’ expectations of $44.3 billion. Exports did not get the expected jolt from seasonal factors, such as the Christmas rush to buy consumer electronics goods.