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Last week’s highlights
China exports rise in September
Economic activity in China continues to rise, with data for September coming in better than forecast.
Exports rose as industrial operations resumed, while imports also increased. Official data showed that exports rose by 9.9% on the year, beating the previous month’s record of a 9.5% increase.
However, the data was lower than the forecasts of a 10% increase. Imports rose by 13.2% in September, reversing the 2.1% decline previously.
Imports also beat forecasts of a 0.3% increase. China’s trade balance rose to a surplus of $37 billion as a result.
German ZEW economic confidence hits a 5-month low
Economic sentiment in Germany fell to a five-month low in October, according to data from the ZEW institute. The declines come on the back of uncertainty on the Brexit trade talks and the US elections.
The economic sentiment index fell to 56.1 from 77.4 in September. This was more than the forecasts of a decline to 73.0. The curr...
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