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China export growth seen strengthening in September
DBS Group Research expects CPI inflation to edge up to 1.0% year-on-year, while also citing a rebound in factory-gate and raw material prices.
DBS Group Research expects China’s exports to rise 25.7% year-on-year in September, supported by strong electronics demand and improving manufacturing PMIs, according to an FXStreet summary of the research note.
The report points to strengthening external trade indicators, including freight activity, and a rebound in factory-gate and raw material prices.
DBS expects CPI inflation to edge up to 1.0%, but says downstream consumer price pressures are likely to remain subdued under China’s pricing-band mechanism.
On the price details, it notes main raw material purchasing price and producer price subPMI increased from 56.6 and 50.4 to 60.8 and 54.0 during the period, amid renewed geopolitical tensions.