25 May 2017
China Sourcing Update: Price Index for US Imports from China (Apr 2017)
Price index for US imports from China edges down in April
Compiled by the US Department of Labor, the price index for US imports from China dropped slightly to 100.1 in April from 100.2 in March (see exhibit 1).
In our view, the index readings in the last few months indicate that the prices of US imports from China have stabilized after almost five years of continuous fall. Possible reasons include a relatively stable exchange rate of the Chinese yuan against the US dollar and the bottoming-out of the ex-factory prices of Chinese products in Renminbi terms in recent months.
Looking ahead, we expect the price index for US imports from China to stabilize or even rise slightly in the near future, in line with the movement of the ex-factory prices of Chinese products.
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