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China Exports Remain Resilient as Rising Imports Signal Strength

China’s overseas shipments rose from a year earlier, narrowly missing estimates, the latest sign that Asian trade is holding up on robust external demand and a brighter global outlook. Exports increased 8.1 percent in September, the customs administration said Friday, less than the 10 percent projected in a Bloomberg survey. Imports rose 18.7 percent, exceeding estimates with the fastest growth since March, to result in a trade surplus of $28.5 billion.

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Euro area international trade in goods surplus €23.2 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in July 2017 was €177.7 billion, an increase of 6.1% compared with July 2016 (€167.6 bn). Imports from the rest of the world stood at €154.6 bn, a rise of 8.2% compared with July 2016 (€142.8 bn). As a result, the euro area recorded a €23.2 bn surplus in trade in goods with the rest of the world in July 2017, compared with +€24.8 bn in July 2016. Intra-euro area trade rose to €145.6 bn in July 2017, up by 5.6% compared with July 2016.

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Australian Retail Sales unchanged in July

In trend terms, the balance on goods and services was a surplus of $768m in July 2017, a decrease of $250m on the surplus in June 2017. In seasonally adjusted terms, the balance on goods and services was a surplus of $460m in July 2017, a decrease of $428m on the surplus in June 2017. In seasonally adjusted terms, goods and services credits fell $709m (2%) to $31,071m. Non-rural goods fell $631m (3%), non-monetary gold fell $330m (17%) and net exports of goods under merchanting fell $4m (15%). Rural goods rose $97m (2%). Services credits rose $159m (3%).

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US Trade Balance deficit rose to $43.7 billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.

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