25 Sept 2017
China Sourcing Update: Price Index for US Imports from China (Aug 2017)
Price index for US imports from China stays stable in August
Compiled by the US Department of Labor, the price index for US imports from China stayed flat at 100.1 in August(see exhibit 1).
In our view, the index readings in recent months show that the prices of US imports from China have stabilized. Possible reasons include a slight appreciation of the Chinese Yuan against the US dollar and the bottoming-out of the ex-factory prices of Chinese products in Renminbi terms in the last few months.
Going forward, the ex-factory prices of Chinese products are likely to rise in the near future. Therefore, we expect that the price index for US imports from China will trend slightly upward in the coming months.
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