South Korea trade data were released on Wednesday:
Exports in December +6.6% y/y
When exports are adjusted for the working-day differences they increased 4.3% y/y in December
vs. +3.7% in NovemberSome of the reports I am seeing cite the improvement on "demand from China increased while semiconductor sales stayed resilient".
Exports to China +8.6%
to the US +5.5%to the European Union +15.1%More good news for China? Maybe. I got a bit interested in the Chinese PMIs earlier this week re China:
China official National Bureau of Statistics (NBS) December 2024 PMIs - why the long face?There is another PMI due from China today:
Economic calendar in Asia - Thursday, January 2, 2025 - China manufacturing PMIBack to South Korea's trade data:
Imports +3.3% y/y
expected +4.6%, previous -2.4%Trade Balance 6.49bn
expected 4.21bn, previous 5.586bn This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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