China's exports unexpectedly rose in April for the first time this year, taking some pressure off manufacturers in the world's second-largest economy after the coronavirus pandemic battered demand and disrupted manufacturing supply chains.
BEIJING - China’s exports unexpectedly rose in April for the first time this year, taking some pressure off manufacturers in the world’s second-largest economy after the coronavirus pandemic battered demand and disrupted manufacturing supply chains.
Overseas shipments in April rose 3.5% from a year earlier, marking the first positive growth since December last year, customs data showed on Thursday.The sharp fall in China’s exports and imports earlier in the year eased in March as factories resumed production, but analysts expect pressures to persist as the coronavirus crisis shuts down economies around the world.
Imports sank 14.2% from a year earlier, the biggest contraction since January 2016 and below market expectations of an 11.2% drop. They had fallen 0.9% the previous month. Both official and private factory surveys for April showed sub-indexes for export orders scaled back sharply, suggesting stronger external headwinds even as some countries have eased lockdowns.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China April exports, imports set to plummet as virus crushes global demand: Reuters pollChina's exports and imports are expected to record double-digit declines in April after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday.
Read more »
'Teenage Mutant Ninja Turtles' Movie 30th Anniversary Pizza Party Announced by Original April O'NeilCast and crew from the 1990 film will take part in the online event via Zoom.
Read more »
UK car sales fall 97% April because of COVID-19 pandemic - Business InsiderApril is shaping up to be the worst month in UK car sales in 74 years. Only 4,321 new cars were sold.
Read more »
ITV Reports 42 Percent April Ad Drop Amid Pandemic, Furloughs 800The U.K. TV giant ITV, led by CEO Carolyn McCall, says it is 'in the final stages of working with others across the industry on a return-to-production protocol.'
Read more »
US companies eliminated a record 20.2 million jobs in April, ADP report says - Business Insider'Job losses for the month of April alone was more than double the total jobs lost during the Great Recession,' said Ahu Yildirmaz of ADP.
Read more »
Two bodies found inside car of North Carolina lesbian couple who vanished in mid-AprilA car belonging to one of two North Carolina women who have been missing since mid-April has been found with two bodies inside in a heavily wooded area.
Read more »