Sunday, February 10, 2013

Chinese exports surge 25%, CPI slows to 2%.

China's exports jumped a greater-than-expected 25% on year in January, representing the fastest growth since April 2011. Imports rose 28.8%, while the trade surplus fell 7.6% on month to $29.2B. Meanwhile, CPI slowed to +2% on year from +2.5% in December and met consensus. The figures helped boost global equities, although it's worth noting that the data, particularly the trade numbers, were affected by the New Year falling in February rather than January.