BEIJING--China's exports continued to fall in dollar terms in October from a year earlier, but at a slower pace, as global demand for goods from the world's second-largest economy remained sluggish.
Exports dropped 7.3% from a year earlier, recovering from a slump of 10.0% in September, the General Administration of Customs said Tuesday. The figures indicate that China's overseas shipments, once an important generator of growth, are continuing to weigh on its overall economic performance.
October's figure marks the seventh straight month that exports have softened. It was worse than a median forecast for a 5.7% decline by 14 economists polled by The Wall Street Journal.
Imports in October declined 1.4% from a yearearlier, compared with a 1.9% drop in September. The decrease was largely in line with the poll's median forecast for a 1.1% decline.
China's trade surplus widened in October to $49.06 billion from $41.99 billion the previous month, falling short of a median forecast of a $51.80 billion surplus.
Write to Liyan Qi at firstname.lastname@example.org
(END) Dow Jones Newswires
November 07, 2016 22:11 ET (03:11 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.