China's trade surplus shrinks to $65.8B in May - Breaking The News

China's trade surplus shrinks to $65.8B in May

7 June

1 min read

EPA-EFE/JEROME FAVRE

The Chinese trade surplus declined in May, which disappointed market expectations, the country's General Administration of Customs said on Wednesday.

The figure landed at $65.8 billion to hit its lowest level since April last year, down compared to last month's trade balance of $90.2 billion.

The country's exports decreased by 7.5% in dollar terms on an annual basis, with imports dropping by 4.5%, both below analysts' projections.

trade balance data

Italy's trade surplus at €4.5 billion in February

18 April

Italy's trade surplus stood at €4.5 billion in February, up from a deficit of €264 million registered in January, the country's National Institute of Statistics (Istat) revealed in a report on Friday.Month on month, exports jumped 3.5%, while imports increased 1.7%. Exports to the European Union countries were up by 3.7%, and to the non-EU countries by 3.2%. Meanwhile, imports from the EU and non-EU countries grew 2.4% and 0.8%, respectively.There was a trade...

Baker Hughes: US oil rig count up by one to 481

17 April

The number of oil rigs in the United States reached 481 in the week ending April 17, rising by one from the previous week, according to the Baker Hughes weekly rig count released on Thursday. The rig count fell by 30 on an annual basis.The country's gas rig count increased by one to 98 in the reported week, dropping by eight from the same period in the previous year. The total number of rigs in the US stood at 585, down by two from the previous week and by...

EIA: US natural gas inventories up by 16 Bcf

17 April

Working gas storage across the United States observed a weekly rise of 16 billion cubic feet (Bcf) to reach 1,846 Bcf in the week ending April 11, the Energy Information Administration (EIA) revealed in its report published on Thursday.The stocks declined by 480 Bcf compared to the same period a year ago and remained 74 Bcf below the five-year average of 1,920 Bcf. Total working gas was within the five-year historical range.

US housing starts drop 11.4% in March

17 April

Housing starts in the United States stood at 1,324,000 in March, falling by 11.4% compared to the previous month, the US Census Bureau revealed in its report on Thursday. Year-on-year, the figure rose by 1.9%. Single-family housing starts reached 940,000, dropping by 14.2% on a monthly basis.Building permits rose by 1.6% in March compared to the revised February rate to stand at 1,482,000, but were 0.2% lower than in March 2024. Single-family...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.